Examlex
Explain the various costs associated with turnovers with examples.
Total Assets
The sum of all assets owned by a company, including both current and non-current assets, reflected on a company's balance sheet.
Revenues
The total income generated by a company from its normal business activities, typically from the sale of goods and services to customers.
Liabilities
Financial obligations or debts that a company owes to others, which must be paid or settled in the future.
Ending Equity
The value of an owner's interest in a company at the end of an accounting period, calculated as total assets minus total liabilities.
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