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Which of the following is the strongest base?
Income Statement
A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.
Notes Payable
Short or long-term financial obligations represented by promissory notes, indicating money owed by a company.
Accounts Payable
Money owed by a company to its suppliers or vendors for goods or services received but not yet paid for.
Current Liability
Short-term financial obligations that are due within one year or within a normal operating cycle.
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