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Total Owner's Equity
Represents the residual interest in the assets of a company after deducting liabilities; it essentially reflects the owner's claim against the company's assets.
Poor Business Conditions
Suboptimal circumstances affecting commerce, often marked by reduced consumer spending, high unemployment, and economic downturn.
Statement of Cash Flows
It delineates how modifications in accounts on the balance sheet and income levels affect cash and near-cash items, breaking down the scrutiny into operating, investing, and financing categories.
Income Statement
A financial statement that shows a company's revenues, expenses, and profits over a specified period of time, indicating its financial performance.
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