Examlex
Homer Hoyt's (1939) ______ is based on the idea that cities' growth patterns depend on the cities' main lines of transportation.
Transactions
Financial activities or events that affect the financial position of a business, such as sales and purchases.
Accounting Equation
The foundational principle in accounting that equates assets with the sum of liabilities and owner's equity: Assets = Liabilities + Equity.
Equity
Equity represents the ownership value held in assets after all liabilities have been subtracted, often referred to as net worth.
Sole Proprietorship
A business structure in which a single individual owns and operates the business, bearing unlimited personal liability.
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