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Which of the following would NOT be classified as a liability on the statement of financial position?
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.
Current Liabilities
Financial obligations a company owes and is due to pay within a year.
Total Current Assets
The sum of all assets expected to be converted into cash within one year.
Accounts Receivable
Money owed to a company by its debtors for goods and services that have been delivered but not yet paid for.
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