Examlex
The wobbling motion of a spinning object is known as ______.
Liability
A company's financial debt or obligations that arise during business operations, to be settled over time through the transfer of economic benefits.
Owner Contribution
Capital injected by the owners into the business, increasing equity.
Creditor
An individual or institution that lends money or extends credit to another party, expecting to be repaid the principal amount along with interest or to receive goods and services.
Equity
The residual interest in the assets of an entity after deducting liabilities, often equated with ownership equity in a company.
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