Examlex
What term best describes a brief statement that summarizes many past observations and predicts new ones?
Asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
Invested Cash
Funds that are placed into a business by its owners or shareholders with the expectation of generating profits or income.
Capital
The financial resources or assets owned by an individual or business, often used to generate income or produce goods and services.
Withdrawals
Funds taken out of a business by the owners for personal use.
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