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Which structure develops into the umbilical cord?
Notes Payable
Financial obligations represented by written promissory notes in which the borrower agrees to pay back the amount borrowed, typically with interest, by a specified date.
Unearned Rent Revenue
Income received from tenants for rent that has not yet been earned because the rental period has not occurred.
Current Liability
A financial obligation that is due to be settled within one year or within the normal operating cycle of the business, whichever is longer.
Working Capital
A measure of a company's short-term liquidity, calculated as current assets minus current liabilities.
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