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Explain the initial difficulties experienced by the United States in fighting the War of 1812.
Owner's Equity
The ownership stake of shareholders or owners in a company's assets, after all debts have been subtracted.
Transactions
Business dealings or events that affect the financial position of a company, recorded in the accounting records.
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.
Cash Flows
The total amounts of money being transferred into and out of a business, particularly in terms of operational, investing, and financing activities.
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