FASB requirements
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Why FASB requires the use of discounting with some long-term liabilities but not with others? Should discounting be required for all ong-term liabilities?
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Why FASB requires the use of discounting with some long-term liabilities but not with others is determined.
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Long term liabilities are known as the obligations not payable within operating cycle (or year) which normally require formal agreement containing covenants and restrictions for protection of lender. Long-term debt can take one of two forms. It can be a long-term loan from a bank or other financial institution or it can be a long-term bond issued to financial markets, in which case the creditors are the investors in the bond. The value of ...
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