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Which is most true of the communist states by the 1980s and 1990s?
Current Liabilities
Debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
Noncurrent Assets
Assets intended for use over a long-term period, extending beyond one year, which include property, plant, and equipment, along with investments and patents.
Stockholders' Equity
The ownership interest of shareholders in a corporation, calculated by subtracting liabilities from the assets, representing the residual value.
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