Examlex
Globalization does not have an impact on politics or the political structures of nation-states. It only influences economics.
Merchandise Inventory
Goods that a company holds with the intent of selling them to customers.
Accounts Payable
Liabilities or amounts owed by a business to creditors for purchases or services rendered that haven't been paid for yet.
Contra-Asset
An account displayed on the balance sheet that reduces the value of a related asset, such as accumulated depreciation.
Liability
Financial obligations, debts, or responsibilities owed by a business to others, to be settled over time through the transfer of economic benefits.
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