Examlex
What does Vivanco's study imply for the development of bike lanes in the U.S.?
Asset
An economic resource owned or controlled by a person or company, expected to provide future benefits.
Liability
A financial obligation or debt that an entity owes to another that must be paid in the future, such as loans, accounts payable, or mortgages.
Accounting Equation
The fundamental equation that represents the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).
Owner's Equity
The residual interest in the assets of a company after deducting its liabilities; also known as shareholders' equity.
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