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Non-Current Liabilities Are Reported in a Separate Section of the Statement

question 247

True/False

Non-current liabilities are reported in a separate section of the statement of financial position immediately below current liabilities.


Definitions:

Peripheral

Relating to or situated on the edge or periphery of something; in computer terms, it refers to devices connected to a computer system externally.

Plug Into

To connect or become involved with something or someone in a direct or significant way.

Computer

An electronic device capable of processing information according to a set of instructions, used for a wide range of tasks.

Turn Off

To stop the operation or function of a device, system, or machine by manipulating a control, switch, or mechanism.

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