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Reporting a current liability as long term:

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Reporting a current liability as long term:

Reporting a current liability as long term:
A) overstates working capital.
B) understates the current ratio.
C) has no effect on the acid-test ratio.
D) understates working capital.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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