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Which of the following is most likely not considered a casualty?
Note Payable
A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.
Long-term
Refers to assets, liabilities, or investments expected to be held or relevant for a period exceeding one year.
Current Liabilities
Obligations or debts that a company expects to pay or settle within one year.
Financing Cash Flows
This represents the cash flow movements that are associated with financing activities in a company, including transactions involving debt, equity, and dividends.
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