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Explain a scenario for which pardoning would be justified. What is the difference between a pardon and an expungement?
Assets Sold
The sale of company assets, which could include equipment, properties, or other resources owned by the company.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest.
Liabilities
Financial obligations owed by a business to creditors, including loans, accounts payable, and any other debts.
Owner's Equity
The amount of the business that belongs to the owners minus any liabilities owed by the business.
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