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A culture and sensitivity (C&S) will detect:
Liability
A company's legal financial debts or obligations that arise during the course of business operations.
Prepaid Insurance
Payments made in advance for insurance coverages, recognized as assets until the coverage period lapses and it then becomes an expense.
Fiscal Year
A one-year period that companies use for accounting and financial reporting purposes, which may or may not coincide with the calendar year.
Unexpired Insurance
The portion of an insurance premium that has not yet been used up and is considered a prepaid expense for the company.
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