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The major benefit to a sequential design is that
Net Realizable Value
The estimated selling price in the ordinary course of business, minus any costs of completion, disposal, and transport.
Going Concern
An accounting principle where it's assumed that a company will continue in business for the foreseeable future without the need to cease operations or liquidate assets.
Pledged Assets
Assets that are pledged as security or collateral for a loan or obligation, ensuring the lender has a claim to the asset in case of default.
Accounts Payable
Short-term obligations or debts a company owes to its suppliers or creditors.
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