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Current liabilities are expected to be paid within one year or the operating cycle, whichever is longer.
Likelihood
A statistical measure of how probable a particular set of observations is, given a model or hypothesis, often used in the context of estimating parameters in statistical models.
Hypothesis
A proposed explanation for a phenomenon, made as a starting point for further investigation.
Event
An occurrence or happening, particularly one of significance in statistics or probability.
Action
The process or state of acting or being active.
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