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When prothrombin is cleaved to form thrombin
Prepaid Insurance
Insurance premiums paid in advance by a company, which are recorded as an asset on the balance sheet until the coverage period lapses.
Asset Accounts
Accounts that represent resources owned or controlled by a company that have future economic value.
Accounts Payable
Financial obligations of a company towards creditors, resulting from goods and services acquired on a credit basis.
Unearned Revenue
Money received by a company for goods or services that have not yet been delivered or performed, considered a liability until the income is earned.
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