Short-term liabilities resulting from the primary business operations of a firm. They are non-interest bearing and comprise of accounts payable, accrued expenses, and income tax payable. Operating liabilities are deducted from total assets to determine the net operating assets..
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Liabilities . 1. A present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the enterprise of .
1. Finance: A claim against the assets, or legal obligations of a person or organization, arising out of past or current transactions or actions. Liabilities require .
I had personal liability over what had happened and I found that to be very frustrating because I didn't deserve it..
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