Examlex
Maslow's hierarchy of needs refers to the five levels of needs that humans seek to satisfy, from most to least basic to survival. These needs, in order from most to least basic to survival are
Equity
The value of an owner's interest in a property, minus the liabilities tied to the property.
Independent
Free from external control or influence; not depending on another's authority.
Historical Cost
An accounting principle requiring assets to be recorded at their original cost at the time of purchase, without adjustments for inflation or market value changes.
Financial Statements
Structured representations of the financial performance and financial position of an entity, providing detailed information about its income, expenses, assets, liabilities, and equity.
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