question archive Current liabilities are normally recorded at the amount expected to be paid rather than at their present value
Current liabilities are normally recorded at the amount expected to be paid rather than at their present value
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Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the concept of
A. matching.
B. consistency.
C. materiality.
D. conservatism.
Option 1
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Option 2
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