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November 19, 2025
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How many liabilities are there?

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The three primary types of liabilities are current, long-term, and contingent. Current liabilities, such as accounts payable, are short-term obligations due within a year. Long-term liabilities, like mortgages, extend beyond a year. Contingent liabilities are Accounting Services in Knoxville obligations dependent on specific future events.
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Address: Knoxville, Tennessee, USA, 37754
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