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Accounting II Lab Textbook Exercises In the previous assignment, you reviewed an

Accounting II Lab
Textbook Exercises
In the previous assignment, you reviewed and analyzed current liabilities. Borrowing cash for expansion, financing long-term assets, and buying/producing inventory to generate revenues that will eventually become cash is an important role of the long-term liabilities. For these reasons, long-term debt in the form of bonds is as important as any account in the asset section of the accounting equation.

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