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Does dreaming bhd need to report loan as a non-current

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Reference no: EM132608313

Question 1: In 2018, Dreaming Bhd planned to apply for a 10-year loan from Buffalo Bank in 2019 for an amount of RM1.5 million. Does Dreaming Bhd need to report this loan as a non-current liability in the Balance Sheet as at 31 December 2018? Support your answer with the accounting definition of a liability.

Reference no: EM132608313

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