Examlex
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Statement of Changes
Often refers to the statement of changes in equity or financial position, showing how equity values change over a period.
Statement of Income
A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or net loss.
Equity
The value of ownership interest in the firm, calculated as total assets minus total liabilities.
Account Payable
Liabilities of a company that are owed to creditors or suppliers for purchases made on credit.
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