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Which of the following is not a satisfactory statement of the accounting equation?
Noncurrent Liabilities
Long-term financial obligations a company owes that are not due for repayment within the next 12 months, such as long-term loans and bond issues.
Capital Assets
Long-term assets acquired or owned by a company or individual, anticipated to be used for more than one year, and intended for the operation or investment purposes.
Government-Owned Landfill
A waste disposal facility owned and operated by a governmental entity for the management of trash and recyclables.
Accrued
Expenses or revenues that have been incurred but not yet recorded in the company's accounts during the accounting period.
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