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Mike is from Saskatchewan, and Mary Ann is from Nova Scotia. Mike and Mary Ann differ in the way they pronounce certain words, like 'garage', and they use different words for some items. What differs between Mike and Mary Ann?
Revenue
The total income generated by a company from its business activities, including sales of goods or services before any expenses are deducted.
Asset
An economic resource owned or controlled by an individual or company, expected to provide future benefits.
Liability
A financial obligation or debt owed by a business to an external entity that must be repaid.
Accounts Payable
A current liability account that represents amounts owed by a business to creditors for purchases or services received.
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