Examlex
Discuss the opposing points of view on U.S.trade deficit.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.
Debts And Obligations
Financial commitments or responsibilities, such as loans and promissory notes, that an entity is required to pay to others.
Future Economic Benefits
The capability to assist in the direct or indirect increase of cash and cash equivalents for an organization.
Economic Entity Assumption
An accounting principle that assumes a company and its owners are separate entities for recording and reporting financial transactions.
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