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Topic: creating gaps in a climax community
How are floods that remove organic matter on the surface of rocks similar to gaps observed in forests?
Owner Withdrawals
Money or assets taken out of a business by the owner(s) for personal use.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders or owners.
Adjusted Trial Balance
A list of all the accounts of a company, showing the balance of each after adjustments have been made for errors, omissions, or accruals.
Current Assets
Assets that are expected to be converted into cash, sold or used up within one year or within the entity's operating cycle, whichever is longer.
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