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Hemoglobin transports carbon dioxide and oxygen.
Accounting Equation
The foundation of double-entry bookkeeping, stating that assets are equal to the sum of liabilities and owner's equity: Assets = Liabilities + Owner's Equity.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing what the owners or shareholders own outright in the company.
Liabilities
Financial obligations a company owes to outside parties.
Assets
Resources owned by a business which are expected to provide future economic benefits, such as cash, inventory, property, and equipment.
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