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Why does the map in 9.1.3 show South America to be a developing area,yet Chile and Argentina are considered developed countries?
Liability Account
A financial accounting term for amounts owed by a business to creditors or others, usually categorized as current or long-term.
Asset Account
An account that records the value of resources owned by an entity which have economic value and can provide future benefits.
Capital
Financial resources or assets owned by a business or individual used for creating wealth or generating income.
Net Sales
The final sales figure a company reports, after deducting returns, discounts, and compensations for damaged or missing products from its total sales.
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