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What term below refers to a lifestyle that rejects sensual pleasures such as drinking alcohol, eating rich food, or engaging in sex?
Book Value
The net value of a company's assets minus its liabilities, often used to assess if a company's stock is under- or overvalued.
Note Payable
An obligation in writing that promises to pay a specified sum of money at a determined future date or on demand.
Capital Balances
The amount of money that owners have invested in a company plus any retained earnings or losses.
Net Income
The total profit of a business after all expenses and taxes have been deducted from total revenue.
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