Examlex
What is globalization? Explain, with examples, how global companies can facilitate the creation of a global market.
Liabilities
Financial obligations or debts owed by a company to creditors.
Equity
The value of an ownership interest in property, including shareholders' ownership in a company.
Accounting Equation
The fundamental principle of accounting stating that Assets = Liabilities + Equity.
Measurement Principle
A financial accounting principle that determines the specific basis (historical cost or fair value) on which assets and liabilities are recorded in the financial statements.
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