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Write a short essay on the European Union.Discuss unification and economic difficulties encountered by the regional trade alliance in recent years.
Working Capital
The gap between a firm's immediate assets and its short-term obligations, reflecting the funds available for daily operations.
Quick Ratio
A liquidity ratio that measures a company's ability to cover its short-term obligations with its most liquid assets.
Accrued Product Warranty Expense
A liability recognized on the balance sheet for potential future costs related to warranty claims on products sold.
Pension Plan
An arrangement for retirement that mandates contributions by an employer to a reserved fund aimed at providing for an employee's needs in the future.
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