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Which of the following is descriptive of the chemical reaction in the previous question?
Business Entities
Legal structures that are allowed to engage in business, such as corporations, partnerships, and sole proprietorships.
Liabilities
Financial obligations or debts owed by a business to creditors, which must be settled over time through the transfer of assets, provision of services, or other economic benefits.
Assets
Resources owned by a company that have future economic value that can be measured and can be used to generate income.
Equity
The value of an owner’s interest in a property or a company, after all debts and liabilities have been deducted.
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