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Which trial balance, if any, is used to prepare financial statements?
Compensation and Benefits
The total package of pay and other rewards employees receive in exchange for their work, including salary, health insurance, and retirement plans.
Shareholders' Equity
The ownership interest of shareholders in a corporation, represented by their share of the company's assets after all liabilities have been deducted.
Total Assets
The sum of all assets owned by an individual or organization, including both current and fixed assets.
Liabilities
Economic obligations of the company, such as money owed to lenders, suppliers, and employees.
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