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The Percentage Change in Long-Term Liabilities Between Two Balance Sheet

question 26

Multiple Choice

The percentage change in long-term liabilities between two balance sheet dates is an example of:


Definitions:

Illegality

The quality or state of being contrary to law; actions or conditions that are against the law.

Statute Of Frauds

A legal principle requiring certain types of contracts to be written and signed in order to be enforceable.

Bound By Contracts

A phrase indicating that parties are legally obligated to adhere to the terms outlined in a contract they have entered into.

Presumed

Accepted as true or valid based on the evidence until proven otherwise.

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