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A contingent liability that has a remote chance of occurrence should be disclosed in the financial statement notes.
Periods
Distinct spans of time marked by specific events, conditions, or characteristics.
REM Sleep
A phase of sleep characterized by rapid eye movements, increased brain activity, and vivid dreams.
NREM Sleep
Non-Rapid Eye Movement sleep, a restorative sleep phase that includes stages 1 through 3, each deeper than the last.
Cycles
Sequences of events that repeat in a regular and predictable manner, such as the water cycle or menstrual cycle.
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