Examlex
The term ________ refers to entities cooperating across national boundaries.
Supplies
Items used in the operation of a business that are consumed or are not permanent, such as paper, pencils, and cleaning materials.
Net Income
The net income a company achieves following the deduction of all costs, taxes, and expenses from its total earnings.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the owners' share.
Liabilities
Financial obligations or debts that a company owes to external parties, which must be paid back in the future.
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