Examlex
Which of the following is NOT required for microorganisms to grow and divide?
Historical Cost Principle
An accounting principle that requires assets to be recorded and reported at their purchase price, without adjustments for inflation or market value changes.
Owner's Equity
The value that accrues to the owners of a company after settling all its debts, equivalent to the assets minus the liabilities.
Residual Equity
Residual Equity represents the amount of equity that remains for the common shareholders after all liabilities and preferential stock claims have been settled.
Assets
Assets are possessions of an individual or a business that hold value and can yield benefits in the future.
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