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TABLE 2-12
The table below contains the opinions of a sample of 200 people broken down by gender about the latest congressional plan to eliminate anti-trust exemptions for professional baseball.
-Referring to Table 2-12, construct a table of row percentages.
Accounting Equation
The fundamental principle of accounting that states that assets equal liabilities plus owners' equity, serving as the foundation for double-entry bookkeeping.
Liability
Debts or financial duties a business is responsible for paying back to other entities, which require settling by transferring economic resources over a period.
Cash
Money in the form of coins or banknotes, including the balance of bank accounts.
Income Statement
A financial statement that reports a company's revenues, expenses, and profits over a specific period of time.
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