Examlex
The Texas independence movement was sparked in part because the Mexican government,alarmed that its grip on the area was weakening,annulled existing land contracts and barred future emigration from the United States in 1830.
Basic Accounting Equation
The fundamental equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.
Assets
Resources owned by a company that have economic value and can be converted into cash.
Liabilities
Financial obligations or debts that a company owes to external parties.
Residual Equity
The amount of equity remaining for shareholders after all liabilities have been deducted from total assets.
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