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What is a zig-zag transformer?
Owner's Equity
Owner's Equity is the total assets of an entity minus its total liabilities, representing the ownership interest in the company.
Income Statement
A financial report summarizing revenue, expenses, and profits over a given period, highlighting a company’s financial performance.
Balance Sheet
A financial statement that shows the assets, liabilities, and owner’s equity of an entity at a specific point in time, reflecting the financial position.
Total Liabilities
The sum of all financial obligations or debts a company owes to external parties.
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