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The European aristocracy responded to the adversity of the great plague by
Deductions
Amounts subtracted from gross income or revenue to calculate net income or taxable income, including expenses, allowances, and discounts.
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Amounts owed to a company by its employees, often due to overpayment or advancements.
Short-term Note Payable
A short-term note payable refers to a debt obligation that is due for repayment within a year or less.
Contingent Liability
A potential obligation that may arise depending on the outcome of a future event, not recognized on the balance sheet unless occurrence is probable and the amount can be reasonably estimated.
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