Examlex
According to the Orphic cosmogony, in the beginning was _______.
Assets
Economic resources or owned valuables that are expected to provide future benefits to a business.
Liabilities
Economic obligations or debts that an entity is required to pay to another party.
Owner's Equity
The net assets belonging to shareholders or owners of an entity after liabilities are accounted for, denoting their ownership claim.
Net Income
The company's net income, which is the remainder after deducting all expenses, taxes, and costs from the gross revenue.
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