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Which model is the most useful for perceiving and predicting events in the environmental arena?
Current Liabilities
Financial obligations a company is expected to settle within one year or within its normal operating cycle, whichever is longer.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered or used, but not yet paid for.
Prepaid Expenses
Payments made for goods or services to be received in the future, recognized as assets on the balance sheet until they are incurred.
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