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Which of these statements about redox reactions is incorrect ?
Long-Term Debt
Borrowings by a company not due for payment in the next fiscal year, often used for significant projects or investments.
Accounts Receivable
Funds that customers owe to a business for products delivered or services rendered but have not been paid for yet.
Inventory
The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
Auction Markets
Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.
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