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Which of the following is NOT true about groundwater flow?
Fresh Start Accounting
An accounting method used by companies emerging from bankruptcy that allows for the restatement of assets and liabilities at fair market value.
Deferred Income Taxes
Taxes that are assessed on income in one period but are not paid until a future period, often due to timing differences in recognizing revenue and expenses for tax and accounting purposes.
Future Payments
Obligations that a company is required to pay in the future, often as part of financing arrangements or purchase agreements.
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