Examlex
In a study conducted in the 1980s during the height of student protests against apartheid in South Africa (Ross & Stillinger,1991) ,students gave high ratings to a plan to divest university funds from South African companies when the plan was presented in the abstract.However,when the same plan was actually proposed by the university administration,students gave it lower ratings because they saw the university administration as "the other side." This is an example of
Equipment
Fixed assets used in operations, such as machinery, computers, and furniture, which have a useful life of more than one accounting period.
Adjusting Entries
Adjusting entries are journal entries made at the end of an accounting period to update account balances before preparing financial statements, aligning them with the accrual basis of accounting.
Current Assets
Holdings that are projected to be liquidated, traded, or used up within twelve months or over the course of the operating cycle, depending on which timeframe is more extended.
Current Liabilities
Financial obligations or debts that a company is expected to settle within one year or within its operating cycle.
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