Once a liability is recognized,it continues to be measured at
A) the amount initially measured,unless the liability is increased by payments on the principle balance of the liability
B) the amount initially recorded,unless the liability is increased by payments on the principle balance of the liability
C) the amount initially measured,unless the liability is reduced by payments on the principle balance of the liability
D) the amount initially recorded,unless the liability is reduced by payments on the principle balance of the liability
Correct Answer:
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A)interest expense when the client
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Q32: Clients would understate
A)interest expense when the client
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