Term
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Definition
Everything a person owns with monetary
value |
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Term
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Definition
| the cost required for something; the money spent on something. |
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Term
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Definition
| money received, especially on a regular basis, for work or through investments. |
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Term
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Definition
| a measure of capital spending |
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Term
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Definition
| a legally binding obligation payable to another entity. |
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Term
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Definition
| the amount for which something can be sold on a given market. |
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Term
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Definition
| value in currency that a person, business, or the market places on a resource, product, or service. |
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Term
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Definition
| the total assets minus total outside liabilities of an individual or a company. |
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Term
| statement of financial position |
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Definition
| another name for the balance sheet. It is one of the main financial statements and it reports an entity's assets, liabilities, and the difference in their totals. |
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Term
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Definition
| an asset that has a physical form. |
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Term
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Definition
| an abundance of valuable possessions or money. |
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