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Briefly explain Norris-La Guardia Act.
Interest Receivable
An accounting term for interest income that is earned but not yet received in cash.
Accounts Receivable
The money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
Installment Accounts Receivable
Amounts owed by customers for purchases made on credit that are to be paid in regular, periodic installments.
Non-current Asset
An asset that is not expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
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