Examlex
The most frequent time of day for tornadoes to form is in the ____.
Liabilities
Liabilities represent debts or financial obligations that a company owes to others, which must be settled over time through the transfer of economic benefits.
Equity
The residual interest in the assets of an entity after deducting liabilities, representing ownership interest in a company.
Expenses
Financial outlays that are necessary for the operations of a business, which can include both fixed and variable costs.
Supplies
Items that are used in the operation of a business but do not directly enter into the finished product.
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