Examlex
The present value of money is always less than its future value.
Asset
Resources owned or controlled by a company expected to provide future economic benefits.
Liability
A financial obligation or debt that a company is required to repay to another entity in the future.
Statement of Cash Flows
A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financial activities over a period.
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