Examlex
Some of the physiographic features that cause extreme aridity may be found together within a single desert,but the deserts found in the western United States are primarily due to being located ____________.
Owner's Equity
The residual interest in the assets of the enterprise after deducting liabilities, representing the capital owned by the proprietors.
Asset
An economic resource owned or controlled by a person or company, expected to provide future benefits.
Liability
A financial obligation or debt that an entity owes to another that must be paid in the future, such as loans, accounts payable, or mortgages.
Accounting Equation
The fundamental equation that represents the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).
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