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What is an act or object that poses a danger to assets?
Recognized Revenues
This accounting concept refers to revenues that have been earned (goods or services have been delivered), and there is a reasonable certainty of collection.
Cash Currently
Liquid funds that are readily available for use in the immediate or near future.
Notes Payable
Short-term or long-term liabilities represented by promissory notes that a company promises to pay back at a future date with interest.
Current Liabilities
Obligations of a company that are due to be paid within one year.
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