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While both John Wayne and Jeff Bridges can be described as icons of Hollywood, what is one of the biggest differences between their careers?
Accounts Payable
Short-term liabilities a company owes to its creditors or suppliers, expected to be settled within one year.
Bank Loan
A sum of money borrowed from a bank that needs to be repaid with interest.
Accrual
An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.
Spontaneous Financing
Financing that arises naturally from the normal operations of a company, such as trade credit that increases automatically with increases in sales.
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