Examlex
A firm is said to be _____ when it maintains tight controls and its strategic decision making is concentrated at headquarters.
Liability Account
An accounting record of obligations or debts that a company owes to others, typically outside of the company.
Increase
An upward adjustment or growth in value, quantity, or size.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest in the company.
Salaries
Compensation paid to employees for work performed, often expressed as an annual sum or hourly wage.
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