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Your friend has a prescription for Valium that she takes for anxiety.She has taken Valium before the party you and she are attending.When she gets to the party,you see her heading for the bar.Based on what you have learned so far in this course,which of the following would you tell her?
Unfunded Pension Liability
A pension plan's financial shortfall when the projected retirement benefits obligations exceed the current assets available to fund them.
Long-Term Liability
A financial obligation of a company that is due more than one year in the future.
Current Liability
Financial obligations or debts that a company is expected to pay within one year, including accounts payable, wages, and short-term loans.
Internal Controls
Methods and policies established by a company to guarantee the accuracy of finance and accounting data, encourage responsibility, and deter deceptive practices.
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