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  2. Current liability - Wikipedia

    en.wikipedia.org/wiki/Current_liability

    Current liabilities in accounting refer to the liabilities of a business that are expected to be settled in cash within one fiscal year or the firm's operating cycle, whichever is longer. [1] These liabilities are typically settled using current assets or by incurring new current liabilities. Key examples of current liabilities include accounts ...

  3. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    Current liability, when money only may be owed for the current accounting period or periodical. Examples include accounts payable, salaries and wages payable, income taxes, bank overdrafts, accrued expenses, sales taxes, advance payments (unearned revenue), debt and accrued interest on debt, customer deposits, VAT output, etc.

  4. Cash and cash equivalents - Wikipedia

    en.wikipedia.org/wiki/Cash_and_cash_equivalents

    Current ratio is generally used to estimate company's liquidity by "deriving the proportion of current assets available to cover current liabilities". The main idea behind this concept is to decide whether current assets which also include cash and cash equivalents are available pay off its short term liabilities (taxes, notes payable, etc.)

  5. Liability (financial accounting) - Wikipedia

    en.wikipedia.org/wiki/Liability_(financial...

    The accounting equation relates assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity. The accounting equation is the mathematical structure of the balance sheet. Probably the most accepted accounting definition of liability is the one used by the International Accounting Standards Board (IASB). The following is a ...

  6. 132 hamsters reportedly broke loose on a plane, forcing it ...

    www.aol.com/132-hamsters-reportedly-broke-loose...

    A Portuguese airline was forced to ground one of its passenger planes last week after discovering that 132 hamsters had escaped from cages in the cargo hold and roamed free throughout the aircraft ...

  7. AOL reviewed: Storyworth is the perfect gift for someone who ...

    www.aol.com/lifestyle/storyworth-review...

    What I liked about Storyworth. There’s a lot to like about Storyworth, assuming you either choose to answer the questions yourself or choose to pepper a willing participant.

  8. Who Cares About Snow When You Have A White Christmas ... - AOL

    www.aol.com/cares-snow-white-christmas-mojito...

    1 tbsp. granulated sugar. Ice. Seltzer, for topping off. Pomegranate seeds, for serving. Directions. In a blender, blend cream and rum until frothy (you can also use a handheld mixer).

  9. Generally Accepted Accounting Principles (United States)

    en.wikipedia.org/wiki/Generally_Accepted...

    Generally Accepted Accounting Principles (GAAP) [a] is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), [1] and is the default accounting standard used by companies based in the United States.