Examlex
An owner investment would increase the assets and decrease the liabilities of the firm.
Insolvency
The condition of being unable to pay debts as they fall due, often leading to bankruptcy proceedings.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
Financial Statements
Reports that summarize the financial condition and operations of a business, including the balance sheet, income statement, and cash flow statement.
Balance Sheet
An accounting statement of a firm’s financial position at a specified time.
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