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Which of the following is not classified as a current liability account?
Federal Law
Laws created and enforced by the federal government of a country, as opposed to state, local, or international laws.
Grace Period
A set length of time after a due date during which a payment can be made without penalty.
Advanced Notice
A notification given in advance to inform of future events or actions.
Insurance Company
An entity that provides financial protection and compensation for losses to individuals and entities under the terms of an insurance contract.
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