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As you get ready to write an exam, you are thinking about your grade and how you will be at the top of the class this time. You are focusing on
Withdrawals
Amounts taken from a business by the owner for personal use.
Assets
Resources owned by a business or individual with economic value or expected to provide future benefits.
Salaries and Wages
Compensation paid to employees for their services, including both regular salary and hourly wages.
Expenses
The outflows or consumption of assets or incurring/liabilities (creating a liability) from a company's operations aimed at generating revenue.
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