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Clients Tend to Talk About

question 25

Multiple Choice

Clients tend to talk about:


Definitions:

Expenses

Costs incurred in the operations of a business that are necessary for earning revenue.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, often referred to as the net assets or shareholders' equity.

Assets

are resources owned by a business, having economic value and expected to provide future benefits.

Cash

A form of liquid asset representing money in physical or digital form that can be readily used for transactions.

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