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If U.S. inflation suddenly increased while European inflation stayed the same, there would be:
Debit Balances
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Credit Balances
The total amount of money in accounts that represent a liability or income to a company, opposite of debit balances.
Statement of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financing activities.
Operating Activities
Activities that are directly related to the primary business operations, such as selling goods and services.
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