Examlex
You just read that forecasters predict Canada will run a current account deficit in 2004.From this you would infer that Canada will also
Liability
A financial obligation or debt owed by a company to another entity, payable in the form of money, services, or goods, recorded on the right-hand side of the balance sheet.
Accounting Equation
The fundamental principle of accounting that states that assets equal liabilities plus owners' equity, serving as the foundation for double-entry bookkeeping.
Liability
Debts or financial duties a business is responsible for paying back to other entities, which require settling by transferring economic resources over a period.
Cash
Money in the form of coins or banknotes, including the balance of bank accounts.
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