Examlex
Why has the coelacanth apparently changed so little from its fossil ancestor of 70 million years ago?
Accounting Equation
The foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, reflecting a company's financial position.
Total Liabilities
The sum of all financial obligations or debts that a company owes to external parties.
Total Assets
The sum of all assets owned by a company, including current, fixed, intangible, and other long-term assets, measuring its overall resources.
Current Assets
Items that are likely to be cashed in, sold, or expended within the span of one year or the standard operational period of the business.
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