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List the Four Types of Workers' Compensation Benefits

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Essay

List the four types of workers' compensation benefits.


Definitions:

Liabilities

Financial obligations of a business that represent debts or amounts owed to others, due to past transactions or events.

Assets

Economic resources owned by a business that are expected to benefit future operations.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities; represents the owner's claim on the business assets.

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