Examlex
Simple identification
Assets and Liabilities
The resources owned by a company or individual that have value (assets) and the obligations owed to others (liabilities).
Common Shares
Units of ownership in a corporation, giving holders a proportion of the voting rights and potential dividends.
Functional Currency
The currency that most influences sales prices, labor, and material costs, and is often the currency in which most of the business transactions are denominated.
Translation Rate
The exchange rate used to convert the financial statements of a foreign subsidiary to the reporting currency of the parent company.
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