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What role does the prefrontal cortex play in human cognition?
Basic Accounting Equation
The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.
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.
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