Liability: Definition, Types, Example, and Assets vs Liabilities
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BY jardindeav
- Dic 14, 2022
- no comment
It may or may not be a legal obligation and arises from transactions and events that occurred in the past. It is usually payable to an external party (e.g. lenders, long-term loans). With a current ratio above 2, the company can comfortably meet its short-term obligations, demonstrating strong liquidity. If one of the conditions is […]
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