Examlex
____ was the first-generation cellular telephone system.
Increase Assets
Enhancing the value of a company's resources or acquiring new physical, financial, or intangible properties that can provide economic benefits.
Decrease Assets
The reduction in the value or amount of the resources owned by a company, which can result from sales, disposal, or depreciation.
Accounting Equation
The fundamental equation underpinning the double-entry bookkeeping system: Assets = Liabilities + Equity.
Liabilities
The financial liabilities a firm has towards other parties, necessitating reimbursement through the provision of economic gains over a specified duration.
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