Examlex
The law of effect says that _______.
Accounting Equation
The fundamental principle of accounting that represents the relationship between an entity's assets, liabilities, and equity (Assets = Liabilities + Equity).
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, essentially representing the ownership interest held by shareholders.
Increase Assets
Actions or transactions that cause a rise in the total value of a company's assets.
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