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Rationalize the denominator and simplify. Assume that all variables represent positive real numbers.
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Economic Entity Assumption
An accounting principle that treats a business as separate from its owners, allowing for independent financial statements.
Personal Living Expenses
Costs associated with daily living, including food, housing, transportation, and entertainment.
Cost
The amount of money required to purchase something or the expense incurred to produce something.
Office Building
A structure designed primarily for the occupation of offices and workspaces for various businesses and professionals.
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