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Explain the evolution of the payments system. Is the system headed towards a cashless society?
Prepaid Expenses
Costs paid for in advance of receiving the benefit, such as insurance or rent, which are recorded as assets initially.
Free Cash Flow
The amount of cash a company generates after accounting for capital expenditures, indicating the ability to repay creditors or pay dividends and interest to investors.
Accounts Payable Balance
The total amount of money owed by a company to suppliers for goods and services purchased on credit.
Payments To Suppliers
Money transferred to suppliers for goods or services received.
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