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Describe any breach of a loan covenant

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Reference no: EM132504567

Question 1: Any breach of a loan covenant that existed at the balance sheet date that has not subsequently been cured should:

Multiple Choice

  1. be disclosed in the notes to the financial statements.
  2. not be disclosed.
  3. be recorded as an adjustment to the financial statements.
  4. be disclosed in the audit report.

Reference no: EM132504567

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