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Liabilities include trade payables and accrued expenses incurred by the Division in the ordinary course of business. Trade payables are obligations for goods or services acquired and are classified as current liabilities if payment is due within one year. These amounts remain liabilities until claimed by the shareholder.

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Trixie Hicalde
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35 views1 page

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Liabilities include trade payables and accrued expenses incurred by the Division in the ordinary course of business. Trade payables are obligations for goods or services acquired and are classified as current liabilities if payment is due within one year. These amounts remain liabilities until claimed by the shareholder.

Uploaded by

Trixie Hicalde
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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djsalde Liabilities means 

all trade payables (including intercompany payables) accrued in


the ordinary course of business consistent with past practice and accrued expenses
incurred by the Division in the ordinary course of its operation of the Business consistent with
past practice to the extent such trade payables and ...

s. Usually these include such expenses which have been incurred but have not yet been
invoiced to the company. ... Such amounts remain a liability of the company until it is claimed by
the shareholder.

Trade payables are obligations to pay for goods or services that have been acquired from
suppliers in the ordinary course of business. Trade payables are classified as current liabilities
if payment is due within one year or less.

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