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Device files that represent disks, such as floppy disks, CD-ROMs, DVDs, USB flash drives, and hard disks, are typically character device files because a fast data transfer rate is preferred. _________________________
Total Liabilities
The sum of all financial obligations or debts that a company owes to external parties.
Total Assets
The sum of all assets owned by a company, including current, fixed, intangible, and other long-term assets, measuring its overall resources.
Current Assets
Items that are likely to be cashed in, sold, or expended within the span of one year or the standard operational period of the business.
Equipment
Tangible property owned by a business that is used in its operations to generate income, such as machinery or tools.
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