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If a storm causes more sediment (dirt) to flow into a river than the river can carry,the sediment will be deposited in the channel.This will make the channel narrower than it was originally.However,as the channel's width decreases,the river's velocity will increase,and this will eventually cause the newly deposited sediment to be eroded.As a result,the original width of the river,as well as normal flow velocities,will be reestablished.In this example,the width of the river channel and the processes controlling it can be considered an example of
Current Liabilities
Short-term financial obligations due within one year or within the company's operating cycle, whichever is longer.
Long-Term Liabilities
Financial obligations of a company that are due beyond one year, such as bonds payable, long-term loans, and lease liabilities.
Known Current Liabilities
Short-term financial obligations that are recognized and recorded, expected to be settled within one year or within the normal operating cycle.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
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