Examlex
Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
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Accounts Payable
The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.
Note Payable
A written agreement where one party promises to pay another party a specific sum of money, either on demand or at a set future date.
Regulatory Agency
A governmental organization tasked with creating and enforcing rules to regulate and supervise specific industries or activities.
Internal Revenue Service
The federal agency responsible for enforcing U.S. tax laws and collecting taxes.
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