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Light rays passing through a concave lens undergo convergence.
Functional Currency
The primary currency used by a business or organization for accounting purposes, reflecting the economic context of its operations.
Functional Currency
The primary currency used by a business or entity in its financial operations and reporting.
Current Monetary Assets
Assets held by a company that are in the form of cash or can be easily converted into cash within a short period, typically one year.
Total Liabilities and Equity
The sum of all liabilities (what a company owes) plus the owners' equity (the original investment plus any retained earnings).
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