Examlex
Which of the following statements is true concerning sonic muscles?
Equipment
Physical assets used in the operation of a business, such as machinery, computers, and furniture.
Cash
Represents money or its equivalents (such as checks) that a company possesses and can use for transactions.
Withdrawals
Money or assets taken from a business by its owner(s) for personal use, typically reducing the total equity.
Cash
Liquid currency and assets readily convertible to currency, used by businesses to conduct transactions.
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