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Why is it important to classify liabilities into short-term and long term?

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Your essay must be at least one page in length. Be sure to include an introduction that gives the purpose of your essay and engages the reader. You must use at least your textbook as a reference, but you may use other resources as needed. Any information from a resource must be cited and referenced in APA style, and your essay should be formatted in accordance with APA guidelines.
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