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Collectively, Reactions That Build New Molecules Are Known as

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Collectively, reactions that build new molecules are known as


Definitions:

Liabilities

Financial obligations or debts that a business or individual owes to others.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Taxable Income

The portion of an individual's or organization's income that is subject to taxation by governing authorities.

Horizontal Equity

Horizontal equity is a principle in taxation that dictates that individuals with similar income and assets should pay the same amount in taxes.

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