Examlex
YouTube is careful to avoid liability for acts of copyright infringement because it ___ .
Accounts Payable
Refers to the amount a company owes to suppliers or vendors for goods and services received but not yet paid for.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owner's equity (Assets = Liabilities + Owner's Equity).
Asset
Resources owned by a company that have economic value and can provide future benefits, such as cash, inventory, and equipment.
Liability
A liability refers to financial obligations or debts that a company owes and is required to repay in the future.
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