Examlex
The program specifically designed to identify returns with a high potential for a deficiency assessment is the
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owners' equity, serving as the foundation for double-entry bookkeeping.
Stockholders' Equity
The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.
Assets
Resources owned or controlled by a business, entity, or individual, which are expected to produce value.
Liabilities
Financial obligations or debts owed by a company to creditors.
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