ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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NONCURRENT LIABILITIES Definition
NONCURRENT LIABILITIES are liabilities that represent money the entity owes one year or more in the future. There are many line items in this category, the most important one being long-term debt.
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SS see SAFETY STOCK.
CUSTOMS are the authorities charged with collecting duty and controlling the entry of merchandise into a country.