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How did Loyalists view liberty? How were they treated after the war? Why?
Conceptual Framework
An underlying structure in accounting that guides the development of standards and the preparation of financial statements.
Equity
The value of an owner's interest in a property, minus the liabilities tied to the property.
Independent
Free from external control or influence; not depending on another's authority.
Historical Cost
An accounting principle requiring assets to be recorded at their original cost at the time of purchase, without adjustments for inflation or market value changes.
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