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Which of the following is NOT true?
Credit Balance
An accounting entry that appears on the right-hand side of an account, indicating that funds have been received or that an amount is owed.
Common Stock
Represents equity ownership in a corporation, providing voting rights and a share in the company's profits via dividends.
Consolidated Equipment
Assets, particularly machinery and equipment, reported in a unified manner for a parent company and its subsidiaries.
Net Assets
The total assets of an entity minus its total liabilities, representing the entity’s net worth or equity value.
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