Examlex
Match the terms relating to magnetism with the correct choice.
-10,000 gauss
Total Assets
The sum of all assets owned by a business, including current, fixed, and intangible assets, representing the total resources a company has at its disposal.
Total Liabilities
Comprises all the obligations a company owes, including loans, accounts payable, mortgages, deferred revenues, bond issues, warranties, and accrued expenses.
Total Equity
The total of all ownership interest in a company, calculated as total assets minus total liabilities.
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