Examlex
The ____________________ object is used to read text from a file into the program.
Liabilities
Financial obligations that a company owes to outside parties, which can include loans, accounts payable, and mortgages.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the owner's claim on the business assets.
Owner Drawings
Owner Drawings are withdrawals of business assets by the owner(s) for personal use, affecting the owner's equity account but not considered business expenses.
Revenues
The total amount of money received or expected to be received from the sale of goods or services, as well as other financial sources.
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