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How has the fasb put stop to the off-balance sheet financing

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Reference no: EM132943388

Problem 1: We often hear the term "off-balance sheet financing" meaning that companies were using methods to avoid showing both the assets and related liability on the balance sheet. How has the FASB put a stop to the off-balance sheet financing? How do we determine if an asset and liability go on the balance sheet?

Reference no: EM132943388

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