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What is the first step of hypothesis-driven science?
Net Assets
The total assets of a company minus all of its liabilities, representing the owners' equity.
Liabilities
Obligations of a company or organization due to past transactions or events, resulting in the future sacrifice of economic benefits.
Stockholders' Equity
The ownership interest of shareholders in the assets of a corporation, after all liabilities have been subtracted.
Accounts Payable
The amounts owed by a business to its suppliers or creditors for goods and services received, representing short-term liabilities.
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