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Bert has been very unsuccessful at job interviews.He doesn't seem to be able to gauge how people are reacting to him, and he always seems to present himself in the same way.Consequently, he usually appears disinterested and detached, and he seldom makes a good impression.Bert appears to have:
Long-term Liability
A debt or obligation not due within the current accounting year, requiring repayment over a longer period.
Warranty Repairs
Services provided to repair or fix products free of charge under a warranty agreement, considered a contingent liability when the product is sold.
Parts Inventory
The stock of components or parts kept on hand by a company to assemble products or perform service maintenance.
Note Payable
A written agreement where one party promises to pay another party a specific sum of money at a determined future date or on demand.
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