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If Hunter is a typical adolescent, he will
Owner's Equity
The total value of assets a business owner has rights to after all liabilities are paid off; equity for sole proprietorships.
Liabilities
Financial obligations or debts that a company owes to others, including loans, accounts payable, and mortgages.
Owner's Equity
The residual interest in the assets of an entity that remains after deducting its liabilities; also known as shareholders' equity for corporations.
Revenues
Income earned by a company from its business activities; essentially the gross income figure from which costs are subtracted to determine net income.
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