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The solution to the equation is
Current Liability
Obligations or debts that a company needs to settle within one year or one business cycle, whichever is longer.
Financial Liability
An obligation to pay money to another party, recorded on a company's balance sheet.
Contractual Obligation
A duty or responsibility one party owes to another under the terms of a contract.
Short-term Notes
Financial obligations or debts that are due to be paid within a year.
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