Question: What do accountants mean when they say short - term? Long - term? The short - term typically refers to six months or less and

What do accountants mean when they say short-term? Long-term?
The short-term typically refers to six months or less and long-term is greater than six months.
The short-term typically refers to one year or less and long-term is greater than one year.
Short-term and long-term are time periods for accounting purposes and organizations decide on their own what are the time periods associated with each.
What do accountants mean when they say short -

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