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Identify at least two applications for PVC and its character- istics for these applications. 59728_ch04_EOC_ptg01.indd 2 22/02/16 9:52 am
Owner's Equity
The total assets minus total liabilities of an individual owner in a business, representing the owner's residual interest in the company.
Liabilities
The financial obligations or debts of a business entity, which are settled over time through the transfer of economic benefits including money, goods, or services.
Assets
Resources owned or controlled by a business, individual, or entity that are expected to provide future economic benefits.
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