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If Current Assets Were $88,000 in 20X7 and $100,000 in 20X8,what

question 96

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If current assets were $88,000 in 20X7 and $100,000 in 20X8,what was the amount of increase or decrease? (Round to nearest percent. )


Definitions:

Intellectual Property

Rights based on creations of the mind in areas such as industry, science, literature, and arts.

Binding Contract

A legally enforceable agreement between two or more parties that is obligatory and has specific terms that must be adhered to.

Elements

Fundamental components or basic building blocks that constitute a whole, whether in nature, science, or a structured system.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability protection and the ability to raise capital through issuing shares.

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