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Laurent plans to major in engineering in college.When asked if he might change his career path,he responds,"I might,but I doubt it.I've spent a lot of time studying my options.I'm pretty sure engineering is right for me." Laurent is demonstrating identity __________.
Debits and Credits
Accounting terms used to record changes in balances within accounts, where debits increase asset or expense accounts and credits increase liability, equity, or revenue accounts.
Statement of Owner's Equity
A financial document that shows changes in the equity interest of a company's owners over a reporting period.
Beginning Capital
The amount of capital a business has at the start of a fiscal period, reflecting the company's financial state before operations commence.
Owner's Contributions
The capital or assets that a business owner injects into the business, either initially or to support operations or growth.
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