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Solve the problem.
-Gary can hike on level ground 3 miles an hour faster than he can on uphill terrain. Yesterday, he hiked 28 miles, spending 2 hours on level ground and 5 hours on uphill terrain. Find his average speed on level ground.
Owner Withdrawals
Money or assets taken out of a business by the owner(s) for personal use.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders or owners.
Adjusted Trial Balance
A list of all the accounts of a company, showing the balance of each after adjustments have been made for errors, omissions, or accruals.
Current Assets
Assets that are expected to be converted into cash, sold or used up within one year or within the entity's operating cycle, whichever is longer.
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