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What is a philosophy that has been refined and developed over time from its initiation by Zeno (3rd century BCE) ?
Accrued Expense
Expenses that have been incurred but not yet paid for, typically recorded through adjusting journal entries.
Stockholders' Equity
The remaining value of a company's assets after all debts are paid off, which reflects the shareholders' stake in the corporation.
Assets
Resources owned or controlled by a company that are expected to produce future economic benefits.
Net Income
The remaining profit of a company after expenses and taxes are taken out of its revenue.
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