Examlex
All of the following statements about oxygen (O2) are correct EXCEPT
Carried Forward
The act of transferring a balance from one period to the next on financial statements or ledgers.
Owners' Equity
The total value belonging to the owners of a company, calculated as the company's total assets minus its total liabilities, indicative of the net worth.
Net Worth
The total value of an individual's or organization's assets minus liabilities, representing the financial health or value of the entity.
Dividends
Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.
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