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Asset
An item of value owned by an individual or corporation, expected to provide future benefits or value.
Liability
A legal obligation or responsibility that entails financial compensation or other actions to remedy damages or breaches of contract.
Certified Public Accountant
A professional accountant who has passed the required examination and met all other state and educational licensing requirements to be certified by the state.
Liabilities
Financial obligations or debts that a business or individual owes to others, which need to be settled over time.
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