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The smaller the spread of scores around the arithmetic mean,
Prepaid Insurance
An asset account that represents insurance premiums paid in advance, which are expensed over the period the insurance coverage relates to.
Current Asset
Asset expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle.
Liability Subsections
The divisions within the liabilities section of a balance sheet, categorizing liabilities based on their nature or duration, such as current liabilities and long-term liabilities.
Long-Term Liabilities
Liabilities that usually will not be due for more than one year.
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