Examlex
What activities and responsibilities are not associated with management's functions?
Equipment
The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.
Assets
Resources owned by a company that have economic value and can be used to meet debts, commitments, or legacies.
Income Statement
A financial statement that shows a company's revenues and expenses over a certain period, ultimately revealing net profit or loss.
Balance Sheet
A balance sheet that concisely represents a corporation's financial assets, liabilities, and the equity interests of its shareholders as of a definite date.
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