In 2014,the Dollar Value of All Worldwide Methods of Cashless

question 20

True/False

In 2014,the dollar value of all worldwide methods of cashless payments was over $800 trillion.

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Definitions:

Expenses

The outflow of money or assets to another entity as a result of a company's operations or activities intended to generate revenue.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owner’s equity in the company.

Total Liabilities

The combined amount of obligations and debts a company owes to outside parties that must be repaid.

Total Assets

The sum of all resources owned by a company, valued at cost or market value on the balance sheet, representing the company's total owned resources.