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Chapter 16, TEST 16B
Chapter 16, TEST 16B

... that may be reasonably expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer. _____ _____ 7. Liquidity refers to the speed at which a business can convert their assets to cash. _____ _____ 8. Current liabilities are those ob ...
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Natural capital accounting

Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region. Accounting for such goods may occur in physical or monetary terms. This process can subsequently inform government, corporate and consumer decision making as each relates to the use or consumption of natural resources and land, and sustainable behaviour.
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