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Raw Materials Inventory, Work in Process Inventory, and Cost of Goods Sold will appear on a company's balance sheet.
Accounts Payable
Obligations or debts a company owes to its suppliers or vendors for goods or services received that haven't yet been paid for.
Calendar Year
The period of time from January 1 to December 31 in the Gregorian calendar, used as a standard for financial and business reporting.
Cash
A form of currency that includes notes and coins, representing a medium of exchange that companies use to conduct transactions.
Accounts Payable
Liabilities reflecting money owed by a business to its suppliers or creditors for goods and services purchased on credit.
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