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One Way to Determine Whether an Object Is an Instance

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One way to determine whether an object is an instance of a natural concept is to compare it to a prototype of that natural concept.


Definitions:

Asset Account

An account that records the assets owned by a company, showing their value on the balance sheet.

Cash Balance

The amount of cash or cash equivalents a company or individual possesses at any given time.

Disbursements

The act of paying out or distributing money, often by a business for various expenses.

Equipment Account

An account that tracks the cost of equipment a company owns, minus any accumulated depreciation.

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