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Individuals at this level of moral development make decisions in a self-centered way.
Accruals
Accounting method where revenue and expenses are recorded when earned or incurred, regardless of when the cash transaction occurs.
Quick Ratio
A financial metric that measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.
Accounts Receivable
Accounts receivable are amounts owed to a business by its customers for goods or services delivered but not yet paid for.
Inventories
Items such as goods or merchandise held by a company, intended for sale or production.
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