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There are some practices that result in discrimination but may not look discriminatory at first glance. If a company only hires family members and family friends, it may systematically exclude some racial or ethnic groups inadvertently. This type of situation results in:
Current Liabilities
Short-term financial obligations due within one year, including accounts payable, short-term debt, and other accrued liabilities.
Balance Sheet
A financial statement that presents a company's financial position, including assets, liabilities, and equity, at a specific point in time.
Closing Process
The process of transferring the balances of temporary accounts to permanent accounts at the end of the accounting period.
Balance Sheet Accounts
Accounts displayed on the balance sheet, such as assets, liabilities, and equity, reflecting a company's financial standing at a specific point in time.
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