In the diagram below, what type of control, positive or negative, is operating?
Definitions:
Accounts Payable
Debt incurred by a business to its vendors or lenders for products and services received, yet payment has not been made.
Long-Term Debt
Borrowings by a company not due for payment in the next fiscal year, often used for significant projects or investments.
Accounts Receivable
Funds that customers owe to a business for products delivered or services rendered but have not been paid for yet.
Inventory
The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
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