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Solve the equation by factoring.
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Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest in the company.
Owner's Drawings
The funds taken from the business by the owner for personal use, not considered as salary or wages.
Owner Drawings
Refers to the money or assets taken out of a business by the owner(s) for personal use.
Net Income
The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.
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