Examlex
What is globalization? Explain, with examples, how global companies can facilitate the creation of a global market.
Economic Events
Transactions and occurrences that affect the financial position of a business entity.
Basic Accounting Equation
Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus equity.
Assets
Resources owned by a business that are expected to provide future economic benefits.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
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