Examlex
Government solutions to externality problems include:
I. Pigouvian taxes.
II. tradable allowances.
III. command and control.
CPA
Certified Public Accountant, a professional designation given to accountants who pass a licensing examination and meet other state requirements.
IRS
The Internal Revenue Service, the U.S. federal agency responsible for tax collection and enforcement of tax laws.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities; essentially the net worth belonging to the owners.
Liabilities
Financial obligations or debts owed by a business to others, which must be paid back in the future.
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