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Determine whether the given points are collinear.Select the correct Answer
Liabilities
The financial obligations or debts of a business entity, which are settled over time through the transfer of economic benefits including money, goods, or services.
Assets
Resources owned or controlled by a business, individual, or entity that are expected to provide future economic benefits.
Accounting Equation
A fundamental financial principle representing the balance between a company's assets, liabilities, and equity.
Office Furniture
Tangible items such as desks, chairs, and filing cabinets that are used in an office environment.
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