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100.00 Dollar US$ What are the two classifications for liabilities? Buffalo
- Location: Buffalo, Buffalo, New York, United States
The two main types of liabilities are current liabilities (short-term debts due within a year, like accounts payable) and non-current/long-term liabilities (obligations due in over a year, like mortgages or bonds), with some classifications also highlighting contingent liabilities (potential obligations depending on future events).
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