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What is the federal and your state rule on joinder of parties in a lawsuit?
Assets
Resources owned by a company or individual considered valuable and can be used to produce positive economic value.
Equity
The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders.
Note Payable
An obligation in the form of a promissory note, which requires the borrower to pay back the loan or debt to the lender at a future date.
General Journal
The primary accounting record used to record all types of transactions not assigned to other journals.
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