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How is average length of stay calculated?
Equity
The ownership interest held by shareholders in a corporation, represented by the residual assets minus liabilities.
Liabilities
Financial obligations or debts owed by a company to outside individuals or entities.
Assets
Resources owned by a company or individual that have economic value and can provide future benefits.
Expense Recognition Principle
An accounting principle that directs the recognition of expenses in the same period as the related revenues.
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