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In the court system,the balancing test attempts to weigh the rights of an individual,as guaranteed by the Constitution,against the authority of the states to make laws or otherwise restrict a person's freedom in order to protect the state's interests and its citizens.
Equipment
Tangible assets used in the operation of a business, but not intended for resale.
Prepaid Rent Expense
An asset account that represents payments made for rent in advance of the rental period, which will be expensed over time as the rental period occurs.
Assets
Resources owned or controlled by a business, expected to produce future economic benefits.
Expenses
Costs incurred in the process of earning revenue; examples include rent, utilities, and salaries.
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