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Non-Current Liability
Liabilities not due within one year or the operating cycle of the business, reflecting long-term financial commitments.
Current Liability
A company's debt or obligation that is due within one year or within the normal operating cycle, whichever is longer.
Cumulative Preferred Shares
A type of preferred stock where dividends accumulate if not paid in a given year and must be paid out before any dividends can go to common stockholders.
Contributed Surplus
The excess amount paid by investors over the par value of shares, recorded in the shareholders' equity section of the balance sheet.
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