Define these terms: Current liabilities. Current assets. Debentures. Liquidity. Leverage. Operating

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Define these terms:

• Current liabilities. 

• Current assets.

• Debentures. 

• Liquidity.

• Leverage. 

• Operating cycle.

• Financial assets. 

• Contingent liability

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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