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Emerging adults typically feel that the world lies open before them.
Revenue Earned
Income received by a company from its business activities, such as sales of products or services.
Mortgage Payable
A liability account on the balance sheet representing the amount owed by a company or individual for the property's mortgage.
Asset
Resources owned or controlled by a business that are expected to provide future economic benefits, including tangible and intangible items.
Liability
An economic obligation or debt owed by a company to others, typically other businesses or employees.
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