Examlex
Match the terms with their definitions.
-Effacement
Functional Currency
The currency of the primary economic environment in which an entity operates, usually reflected in its financial statements.
Assets and Liabilities
The resources owned by a company or individual that have value (assets) and the obligations owed to others (liabilities).
Common Shares
Units of ownership in a corporation, giving holders a proportion of the voting rights and potential dividends.
Functional Currency
The currency that most influences sales prices, labor, and material costs, and is often the currency in which most of the business transactions are denominated.
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