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Which of the following is true when describing slip sleeves or gutters?
Capital
Assets of monetary value, like cash and merchandise, employed by a business for the creation of goods or services.
Cash
Currency and coins, plus bank balances, that are readily available for use in transactions and other financial operations.
Income Statement
A financial statement that shows a company's revenue and expenses over a particular period, illustrating how net income or net loss was achieved.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders or proprietors.
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