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Barriers to communication can occur at any point in the communication process.
Owner's Equity
The total value that would accrue to a business's owners after all liabilities are subtracted from all assets; also known as shareholder's equity or net worth.
Liabilities
Economic debts or obligations a company is responsible for, which are to be paid off over time through the exchange of economic advantages.
Owner's Withdrawal
Amounts of cash or other assets that the owner takes from the company for personal use.
Cash Account
An account that records all transactions involving cash inflows and outflows within a company.
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