ACC 325 Intermediate II Ch. 13 Matching Principles | Questions And Answers Latest
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face amount x interest rate x time - interest in debt
payable with current asset - current liabilities
short-term debt to be refinanced with common stock - long-term liability
present value of interest plus present value of pricipal - usual valuation of liabilities
non-interest bearing - accounts payable
non-committed line of credit - informal agreement
pledged accounts receivable - secured loan
reclassification of debt - refinancing prior to the issuance of financial statements
purchased by other corporations - commercial paper
expenses not yet paid - accrued liabilities
liability until refunded - customer deposits
applied against purchase price - customer advances
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