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Newton's law of gravitational force is expressed as follows:
Dual Effects Concept
An accounting principle that recognizes each transaction as having at least two effects on the accounting equation.
Income Statement
A financial statement that reports a company's revenues, expenses, and profits over a specific period.
Accounting Equation
An equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of the shareholders.
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