Quiz 13.25 – GAAP Concept for Recording Current Liabilities

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

0
(0)
Back
According to GAAP, what concept supports the practice of recording current liabilities at the amount expected to be paid instead of their present value?

Experts Have Solved This Problem

Please login or register to access this content.

  • Search Terms: according amount are at be by can concept conservatism. consistency. c) current expected gaap liabilities matching. b) materiality. d) normally of: a) paid practice present rather recorded supported than the their this to value.
Back
  • The use of this software is to provide check figures to compare against your own individual work. Accuracy of the check figures is not guaranteed. By purchasing credits and using our software/services, you assume all liability for the use of the software and affirm that you are abiding by your university’s academic policies. Please report any errors above.