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State the term- Liabilities
Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year.
OWNER'S EQUITY
Also requires an up-to-date amount for owner's capital.
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
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20 hypothetical inventory transactions both sale and purchase
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