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Define the following terms: Nagasaki
Functional Currency
The main currency used by a business or economy, where the majority of its transactions are conducted.
Retained Earnings
The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or to pay off debt.
Functional Currency
The functional currency is the currency of the primary economic environment in which an entity operates and conducts its business transactions.
Balance Sheet Items
Components that make up a balance sheet, including assets, liabilities, and shareholders' equity.
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