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Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Religious tradition of northern India founded by Guru Nanak around 1500; combines elements of Hinduism and Islam and proclaims the brotherhood of all humans and the equality of men and women.
Owner's Equity
The total value of assets owned by the proprietor of a company after all debts have been subtracted.
Balance Sheet
A delineation of a company's financial status including assets, liabilities, and shareholders' equity at an exact point in time.
Liabilities
Sums of money or other financial obligations that a company is required to pay in the future to creditors, lenders, or suppliers.
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