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Based on the scenario, which is TRUE about Kate?
Accounting Equation
The fundamental equation of accounting, Assets = Liabilities + Shareholder's Equity, representing the relationship between a company's resources and claims against those resources.
Supplies
Items that are consumed or used up in the daily operations of a business, like office supplies or manufacturing materials.
Account
A record in the financial statements that represents a specific asset, liability, equity, revenue, or expense, used to track the changes in those balances.
Electromagnetic Wave
A wave of electric and magnetic fields that propagates through space at the speed of light, including visible light, radio waves, and X-rays.
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