Examlex
What document must LLCs file with the state to organize their business?
Accumulated Depreciation
The total depreciation of an asset up to a specific point in time, reflecting wear and tear or obsolescence.
Accounts Receivable
The amounts owed to a business by its customers for sales made on credit, considered a current asset on the balance sheet.
Accounts Payable
Obligations of a business to settle short-term debt with creditors or suppliers.
Capital Gain/Loss
The increase (gain) or decrease (loss) in the value of an investment or property from its purchase price.
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