Off-the-balance-sheet means that ________.
A) obligations and commitments are recorded only in the income statement accounts
B) obligations and commitments are recorded only in the statement of cash flows
C) capital budgets are properly authorized and approved
D) obligations and commitments are not recorded in the accounts of the company
Correct Answer:
Verified
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A)
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A)Auditors.
B)Management.
C)Boards
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