SHORT TERM LIABILITY Definition

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SHORT TERM LIABILITY is a liability that will come due within one year or less.

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GASB 34 is Government Accounting Standards Board Statement 34. GASB 34 provides the broadest changes in government accounting practices since the inception of Generally Accepted Accounting Practice (GAAP) for governmental agencies dating back to the 1930s. The principal change that GASB 34 requires of government entities is the reporting of the value of capital assets on Consolidated Annual Financial Reports (CAFR).

H as the fifth letter of a Nasdaq stock symbol indicates that the issue is the second preferred bond of the company.

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