Examlex
A car crash woke John from his afternoon nap. When he looked out his apartment window, he saw several people milling around two smashed cars. He decided not to dial 911 because he assumed someone had already called. John's reaction is an example of ________.
Balance Sheet
A financial summary showing a company's assets, liabilities, and equity from shareholders at a designated time.
Prepared
The state of being ready for a specific event, action, or process, often involving prior planning or setup.
Unearned Fees
Income received by a company for services yet to be performed or goods to be delivered, recognized as a liability on the balance sheet until earned.
Current Liability
Obligations or debts that a company expects to settle within one fiscal year or the operating cycle, whichever is longer.
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