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A temptation that is common in the program design phase is:
Accounts Payable
Short-term financial obligations to suppliers or creditors that a company owes for goods and services received but not yet paid for.
Accrual of Interest
The process of recognizing interest earned or incurred on outstanding loans or debt securities over a specific period, regardless of whether the cash has been received or paid.
Expenses
The costs of operating the business that are incurred to generate revenues during the period.
Liabilities
Financial obligations or debts owed by a business to another entity, typically resulting from past transactions or events.
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