Examlex
Language such as "there are no warranties that extend beyond the description on the face hereof" is insufficient to disclaim the fitness warranty.
Total Assets
The total value of everything a company owns, encompassing both current assets and long-term assets.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets or services.
Stockholders' Equity
The ownership stake of shareholders in a corporation, which is the value left over from the assets after liabilities have been taken out.
Treasury Stock
Shares that were issued and later reacquired by the company, reducing the amount of outstanding stock.
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