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Yugoslavia from World War II through the 1960 was characterized by
Basic Accounting Equation
An equation that represents the relationship between assets, liabilities, and owner's equity; Assets = Liabilities + Owner's Equity.
Ownership Claims
Rights or interests that owners have in an asset or entity, reflecting their stake or ownership percentage.
Assets
Resources owned or controlled by a business, expected to produce future economic benefits.
Owner's Equity Statement
A financial statement showing the changes in the equity of a business entity over a period of time.
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