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Leonard is putting a cover over the rotating belt of a sanding machine. This is to ensure new workers in particular do not accidentally injure themselves when turning off the sander since the switch is close to the belt. What role does Leonard fulfill for the company?
Noncash Assets
Assets owned by a business or individual that are not in the form of cash but can be converted into cash within a year, such as inventory, bonds, or property.
Capital Account
An account showing the net worth of a business, influenced by owner's contributions, withdrawals, and the business's earnings or losses.
Partners' Equity
The interest or claim that partners have in the assets of a business, equal to the total assets minus liabilities and other equities.
Equity
The amount of money that would be returned to shareholders if all of the assets were liquidated and all of the company's debt was paid off.
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