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Investment
?
"Off the balance sheet" means that:
Obligations and commitments are not recorded in the accounts of the company
Obligations and commitments are recorded, but in the income statement accounts
Obligations and commitments are recorded, but in the Statement of Changes in Financial Position
Capital Budgets are properly authorized and approved.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
Obligations and commitments are not recorded in the accounts of the company
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