Examlex
Name the following compound.
Assets
Resources owned by a company that have economic value and are expected to provide future benefits.
Rent Expense
The cost incurred by a business for leasing a property or equipment for operational purposes.
Income Summary
An account used in the closing process that summarizes the results of all revenue and expense accounts.
Capital
The wealth, whether in money or other assets, owned or employed in business by an individual, firm, or corporation.
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