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Which of the following choices correctly pairs a mineral with one of its major functions in the body?
Employee Receivables
Amounts owed to a company by its employees, often due to overpayment or advancements.
Short-term Note Payable
A short-term note payable refers to a debt obligation that is due for repayment within a year or less.
Contingent Liability
A potential obligation that may arise depending on the outcome of a future event, not recognized on the balance sheet unless occurrence is probable and the amount can be reasonably estimated.
Estimated Liability
A potential financial obligation that may arise in the future, recognized in accounting based on probable expenditures.
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