Given a choice,most managers would choose to record an obligation as long-term rather than current.

Name: Given a choice,most managers would choose to record an obligation as long-term rather than current.
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Managers prefer to record obligations as long-term because it reflects better on the liquidity position of the company in the short term. Additionally, long-term obligations often have lower interest rates, resulting in lower costs for the company.

Given a Choice,most Managers Would Choose to Record an Obligation