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Non-monetary liabilities are obligations that do not involve a direct cash payment or monetary settlement but can still represent a future economic sacrifice. Examples include promises to deliver goods or services in the future, such as warranties or service contracts, and legal obligations arising from environmental regulations. These liabilities may impact a company's financial health but are not recorded as traditional debt on the balance sheet. Instead, they are reflected in disclosures or notes to the financial statements.

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2d ago

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