Examlex
Most Americans build their intimate relationships on a foundation of:
Long-term Debt
Financial obligations owed by a company that are due more than one year in the future, typically including bonds, long-term loans, and lease liabilities.
Internal Control
The processes designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.
Payroll Checks
Payments made to employees for the work they have done, often processed through a company's payroll system.
Current Liabilities
Current liabilities are obligations a company needs to pay off within a year, such as accounts payable, short-term loans, and accrued expenses.
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