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The Minnesota model relies heavily on
Asset Accounts
Accounts on a balance sheet that represent the resources owned by a company, which have value and can provide future benefits.
Common Stock
Equity ownership in a corporation, entitling holders to vote at shareholder meetings and to receive dividends.
T-account
A visual representation used in accounting to depict the debit and credit sides of an account.
Debits
Financial transactions representing increases in assets or expenses or decreases in liabilities, equity, and income.
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