Examlex
Which of the following is NOT an expense of a company?
Assets
Resources owned or controlled by a business that are expected to benefit future operations.
Accounting Equation
The foundational equation in accounting, Assets = Liabilities + Owner's Equity, showing the relationship between a company's assets, liabilities, and equity.
Liabilities
Financial obligations of a business that represent debts or amounts owed to others, due to past transactions or events.
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