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FIGURE 28-4
-Fig. 28-4 shows three long, parallel, current-carrying wires. The current directions are indicated for currents I1 and I3. The arrow labeled F represents the magnetic force acting on current I3. The 3 currents have equal magnitudes. What is the direction of the current I2?
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.
Temporary/Permanent
Categories used to distinguish assets, liabilities, and equity items based on their duration in financial statements; temporary items fluctuate regularly while permanent items typically remain constant over time.
Principal
The original sum of money borrowed in a loan, or the amount of the investment that is actually made.
Total Liabilities
The sum of all debts and financial obligations a company owes to outside parties, including loans, accounts payable, and bonds payable.
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