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Which of the following is an example of an informal third-party role?
Current Liabilities
Financial obligations a company is required to pay within one year, such as accounts payable and short-term loans.
Accounts Payable
Liabilities owed by a business to its suppliers or vendors for goods and services purchased on credit.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting liabilities, representing ownership interest held by shareholders.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
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