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Jim is not completely confident in the strength of the persuasiveness of his arguments. To increase his degree of influence, Jim ought to
Liabilities
financial obligations or debts that a business needs to settle in the future, such as loans, accounts payable, and mortgages.
Withdrawals
Amounts taken from a business by the owner for personal use.
Assets
Resources owned by a business or individual with economic value or expected to provide future benefits.
Salaries and Wages
Compensation paid to employees for their services, including both regular salary and hourly wages.
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