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David likes New Balance running shoes.However,when he stopped by the Foot Locker to buy a new pair of running shoes he notice that Nike had a new pair of running shoes that cost $350.To David the higher price of the Nike shoe indicated that it would be a better pair of running shoes.This is an example of:
Liability
Represents financial obligations or debts that a company or individual owes to others, payable in the future.
Balance Per Books
The ending balance on a company's financial records for an account before any adjustments or reconciliations.
Service Charges
Fees assessed for services provided, often by financial institutions or utilities.
NSF
Stands for "Non-Sufficient Funds," indicating a situation where an account does not have enough money to cover a check or withdrawal.
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