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Coglianese asserts that international organizations and international law respond to three types of problems. These are
Assets
Assets are resources owned by a company that have economic value and can be used to meet debts, commit to investments, or generate income.
Liabilities
Future sacrifices of economic benefits that the entity is presently obliged to make to other entities as a result of past transactions or events.
Income Statement
A financial document that reports a company's financial performance over a specific period, detailing revenues, expenses, and net income or loss.
Common Stock
Common stock represents units of ownership in a corporation, granting holders voting rights and a share in the company's profits, often through dividends.
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