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Maslowich
3 years ago
9

Kline Company refinanced current debt as long-term debt on January 5, 2019. Kline's fiscal year ended on December 31, 2018, and

its financial statements will be issued sometime in early March 2019. Under IFRS, how would Kline classify the debt on its December 31, 2018, balance sheet? Multiple Choice
a. In the "mezzanine" between current and noncurrent liabilities.
b. Kline would not classify the debt as current or noncurrent, but rather would write a disclosure note explaining the circumstances.
c. As a current liability.
d. As a noncurrent liability.
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

C.

Explanation:

As a current liability.  Are obligations of the company that are expected to get paid whitin the period of one year and include liabilities such as Accounts payable, short term loans, bank overdraft, interest payable and the other liabilities of the company that are current.

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d. Assessment of goal attainment

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4 years ago
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Answer:

The correct answer is the option C: Downward sloping.

Explanation:

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5 0
3 years ago
An article in the Wall Street Journal discussed the views of Canadian Minister of Finance Joe Oliver on the effect of falling oi
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Based on the article, there has been a reduction in the price of oil which was as a result of rising production and weaker demand of oil in Asia and Europe. Even though the decrease in oil prices has advantages. Some advantages as highlighted by Oliver include increase in consumption, increase in savings, decrease in energy costs for firms, Oliver still expects oil prices to move above its current level.

6 0
4 years ago
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