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Digital retouching of photographs is an area in which legal precedents have been established.
Initial Cash Flow
The initial movement of money for an investment or project, often an outlay, which is considered when evaluating the potential financial returns.
Liabilities
Liabilities are financial obligations a company owes to external parties, such as loans, accounts payable, and mortgages.
Accrual
An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.
Accrual
The accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.
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