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Top-down and bottom-up development order cannot be applied to object-oriented designs (OODs).
Balance Sheet
A financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and equity as of a specific date.
Current Liabilities
Short-term financial obligations that are due within one year or within the current business cycle, whichever is longer.
Obligations
Responsibilities or duties to fulfill terms of contracts, loans, and legal agreements.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.
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