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Several events are listed below.Indicate whether each event is an external event that should be recorded as a transaction,an internal event which should be recorded as a transaction,or an event which should not be recorded.Use the following identification codes for your answers:
E - External event to be recorded as a transaction
I - Internal event to be recorded as a transaction
NR - An event which should NOT be recorded
Current Liabilities
Short-term financial obligations that are due within one year and are listed on a company's balance sheet.
Common-size Percent
A financial analysis tool that expresses each item in a financial statement as a percentage of a base amount, facilitating comparison across different periods or companies.
Total Assets
The sum of all resources owned by a company, valued in monetary terms, which include buildings, equipment, inventory, and cash.
Cash
A form of liquid asset that includes currency and other assets that are readily convertible to known amounts of cash and can be used to settle debts, purchases, or other transactions.
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