Examlex
Identify the object shown in the figure below.
Debt
An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, often with interest.
Financial Position
A firm's economic state, reflected by its assets, liabilities, and equity at a given moment.
Shareholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities, representing what the shareholders own outright.
Liabilities
Financial obligations or debts that a company owes to others, which must be paid in the future, such as loans, accounts payable, or mortgages.
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