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A negative global externality occurs when one country does research and others benefit.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the capital owned by the shareholders or owner.
Cash Budget
A budget of estimated cash receipts and payments.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.
Income Statement
A financial report detailing a company's earnings and expenditures during a set timeframe, ultimately presenting the net profit or deficit for that period.
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