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Client: There's this group of girls that make fun of me and call me names, and I feel sad.They keep making fun of my shoes, just 'cause I don't have name brand shoes.I try to ignore them, but still the feeling inside me just hurts. Counselor: Demaris, it sounds like it hurts when they make fun of your shoes.
This response can be classified as _______.
Deferred Revenues
Deferred revenues refer to money received by a business for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet until the obligation is fulfilled.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a business.
Long-Term Liabilities
All of the entity’s obligations that are not classified as current liabilities.
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