ECONOMIC EVENT Definition

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ECONOMIC EVENT is the transfer of control of an economic resource from one party to another party.

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STATED CAPITAL is the declared total amount of money or other resources owned or used to acquire future income or benefits.

CURRENT ASSETS are those assets of a company that are reasonably expected to be realized in cash, or sold, or consumed during the normal operating cycle of the business (usually one year). Such assets include cash, accounts receivable and money due usually within one year, short-term investments, US government bonds, inventories, and prepaid expenses.

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