CURRENT LIABILITIES -Amounts owed by a federal entity for which the financial statements are prepared, and which need to be paid within the fiscal year following the reporting date.
Federal entities only collect money and never pay anything.
mnli hypothesis: Federal entities only collect money and never pay anything. premise: CURRENT LIABILITIES -Amounts owed by a federal entity for which the financial statements are prepared, and which need to be paid within the fiscal year following the reporting date.