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Examples of Current Liabilities Financial Accounting

Another refinement of the definition of current liabilities states that the obligations will be settled using current assets. Current assets are liquid assets that are likely to be converted to cash within a year. A short-term debt due this year that will be paid off by refinancing it with a

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Direct materials quantity variance explanation, formula, reasons, example

No matter the reason, the problem must be found and fixed so it doesn’t keep hurting the business. Quantity variance is crucial because it shows how many goods or services were made and how many were expected to be made. This difference can significantly affect a company’s bottom line, so

London bus operator Arriva bought by US private equity firm Arriva

By retaining earnings, a company can finance its growth without having to rely on external financing, such as debt or equity financing. It is an important metric for evaluating a company’s financial health and its potential for future growth. This concept is important because it represents the ownership interest in

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