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    « When do I take inventory ownership under FOB terms? | Main | How should I classify debt with covenants? »
    Thursday
    Jul292010

    How should I classify debt due on demand?

    DateThursday, July 29, 2010 at 5:59AM

    If a loan agreement contains a clause stating that the lender can demand payment at any time, then classify the debt as a current liability. This is the case even if there is no expectation that the lender will demand payment within the current year.

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    AuthorSteven Bragg | CommentPost a Comment |
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