The correct answer is option (a): Debit Cost of Goods Sold $700; credit Inventory $700.
The cost of goods sold is recorded at the conclusion of the accounting period when the physical count of inventory is done in a periodic inventory system. This means that the cost of goods sold is summarised at the end of the period rather than being recorded at the time of each sale.
ABC sells inventory, it must take into account the cost of the items being sold. Since the inventory in this instance was bought for $700, the cost of goods sold would also be $700.
ABC would debit (raise) the Cost of Goods Sold account by $700 to indicate the expense and credit (reduce) the Inventory account by $700 to reflect the drop in inventory to record the transaction.
The cost of items sold and the reduction in inventory value as a result of the sale are appropriately reflected in this entry. So, an is the best choice. Credit $700 for inventory; debit $700 for cost of goods sold. Option A
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the two categories of cost comprising conversion costs are
Answer:
Explanation:
Direct labor and factory overhead
An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
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O Express authority
O Implied authority
O Power of attorney
O Apparent authority
Answer:
O Express authority
Explanation:
In express authority, the principal communicates directly to the agent. The principal instructs the agent, either in writing or orally, to act on their behalf. In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.
Which of the following are roles of the US Marine Corps according to Title 10 US Code?
a. Visit, Board, Search, and Seizure (VBSS) training for embargo or intercept operations
b. Develop tactics, techniques, and equipment-use phases of amphibious operations by landing forces
c. Narcotics/Drug Interdiction and Illegal Alien Interdiction
d. All of the above
According to Title 10 US Code, all of the above options are roles of the US Marine Corps. The Marine Corps is responsible for conducting a) Visit, Board, Search, and Seizure (VBSS) training to support embargo or intercept operations.
They also play a crucial role in developing tactics, techniques, and equipment-use phases of amphibious operations by landing forces. Additionally, the Marine Corps is involved in narcotics/drug interdiction and illegal alien interdiction. These roles are integral to the Marine Corps' mission to provide power projection from the sea, and to be the nation's crisis response force.
The Marine Corps is a highly trained, versatile, and flexible force that is capable of responding to a range of situations. Whether it is conducting humanitarian operations or combat missions, the Marine Corps is a critical part of the US military and plays an important role in defending the nation's interests at home and abroad.
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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ASP Corporation was organized on January 2, Year 3, with 100,000 authorized shares of $10 par value common stock.
During Year 3 ASP had the following capital transactions:
January 5—issued 75,000 shares at $14 per share.
December 27—purchased 5,000 shares at $11 per share.
ASP used the par value method to record the purchase of the treasury shares. What would be the balance in the paid-in capital from treasury stock account at December 31, Year 3?
Year 3's December 31 would result in a balance of $20,000 [(($11-$10) x 5,000 shares) - $5,000] in the paid-in capital from treasury stock account.
ASP Corporation issued 75,000 shares of common stock in total in Year 3 at a price of $14 per share, for a total capitalization of $1,050,000. Later on in the year, the business bought back 5,000 shares of common stock for $11 each, bringing the total amount of treasury stock to $55,000.
The difference between the price of the buyback and the par value of the common stock, multiplied by the quantity of treasury shares, is used to compute the paid-in capital from treasury stock account. As a result, at the end of Year 3, the balance in the treasury stock account would be $20,000 [(($11-$10) x 5,000 shares) - $5,000].
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T / F . the capitalization rate is equal to the discount rate minus any expected annual growth in income and property value.
False. The statement is not accurate. The capitalization rate and the discount rate are different concepts in finance and real estate valuation.
The capitalization rate (also known as the "cap rate") is used to estimate the value of an income-generating property. It is calculated by dividing the net operating income (NOI) of the property by its market value or purchase price. The capitalization rate represents the rate of return an investor would expect to receive based on the income generated by the property. It does not incorporate any expected growth in income or property value.
On the other hand, the discount rate is used in discounted cash flow (DCF) analysis to calculate the present value of future cash flows. The discount rate takes into account the risk associated with an investment and the time value of money. It is used to discount future cash flows to their present value. The discount rate may consider factors such as the risk-free rate of return, the risk premium, and the specific risks associated with the investment.
While the capitalization rate and discount rate are related in that they both involve the valuation of income-producing assets, they serve different purposes and are calculated differently. The capitalization rate is a simplified method to estimate property value based on income, while the discount rate is used to determine the present value of future cash flows, incorporating factors beyond income and property value growth.
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Which of the following pieces of information does Linda, a Virginia real estate salesperson who works for Big Valley Realty, NOT have to include on her business cards? "Associated with Big Valley Realty" Big Valley Realty's phone number Her work phone number The name and number of her sponsoring broker
As a Virginia real estate salesperson who works for Big Valley Realty, Linda is required by law to include certain pieces of information on her business cards. This includes her name, the name of her brokerage (Big Valley Realty), and her work phone number. However, she is not required to include the name and number of her sponsoring broker.
The purpose of requiring certain information on business cards is to ensure that consumers have access to important information about the real estate professional they are working with. By including her name, brokerage, and work phone number on her business cards, Linda is making it easy for potential clients to reach out to her and inquire about her services. It's worth noting that while Linda is not required to include the name and number of her sponsoring broker on her business cards, she is required to disclose this information to clients upon request. This is important because it allows clients to verify that Linda is licensed and affiliated with a reputable brokerage. Overall, the information that Linda is required to include on her business cards is designed to promote transparency and protect consumers. By providing easy access to important information, real estate professionals like Linda can build trust with potential clients and establish themselves as reliable, knowledgeable experts in the industry.
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The first step to keeping your home safe is to minimize the overall amount of_____ material you store in your home.
Synovec Company is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 8 percent and the company just paid a $1.20 dividend. what is the current share price?
The current share price of Synovec Company is approximately $56.53.
To calculate the current share price of Synovec Company, we can use the dividend discount model (DDM). The DDM values the stock based on the present value of its future dividends. In this case, the dividends are expected to grow at a rate of 20% for the next 3 years and then stabilize at a constant growth rate of 4%. The required return is 8%.
First, let's calculate the dividends for the next 3 years:
Year 1 dividend: $1.20 ×(1 + 20%) = $1.44
Year 2 dividend: $1.44 × (1 + 20%) = $1.73
Year 3 dividend: $1.73 × (1 + 20%) = $2.08
Next, let's calculate the present value of these dividends using the required return of 8%:
PV1 = $1.44 / (1 + 8%) = $1.33
PV2 = $1.73 / (1 + 8%)^2 = $1.51
PV3 = $2.08 / (1 + 8%)^3 = $1.69
Now, let's calculate the present value of the constant-growth dividends beyond year 3 using the constant growth rate of 4%:
PV_const = $2.08 × (1 + 4%) / (8% - 4%) = $52
Finally, we can sum up the present values of all the dividends to find the current share price:
Current share price = PV1 + PV2 + PV3 + PV_const = $1.33 + $1.51 + $1.69 + $52 = $56.53
Therefore, the current share price of Synovec Company is approximately $56.53.
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FOOD;
1.how to reduced food?
2.how to reused food?
3.how to recycled food?
WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?
please
Name three primary objectives for human resource departments on social media.
Answer:
Three common objectives for HR social media are strong internal social media platforms supporting the corporate culture, building internal social media channels and personas representing employees, and establishing a strong brand name on the main social media platforms supporting the business strategy.
Explanation:
Hope This Helps!
what are some of the things to consider when purchasing disability insurance? chose all appropriate answers.
When purchasing disability insurance, the following are some of the factors to consider:
Age at the time of purchasing: The younger you are when you purchase a disability policy, the lower the premium. The premium is determined by the risk of disability, which rises with age.Occupation: An employee in a high-risk job such as construction or mining will have a higher premium than an employee in a low-risk occupation. This is due to the higher risk of injury on the job.Health history: Insurance companies will look at your medical history to determine your risk for a disability. Certain medical issues or conditions may make you ineligible for coverage.Length of coverage: Short-term disability policies last up to two years, while long-term policies can last up to 10 years or more. Short-term disability policies are less expensive than long-term policies, but long-term policies provide greater coverage.Income: The amount of disability coverage you can obtain is determined by your income. It is usually recommended that you obtain a policy that covers 60% of your income. This can be more or less depending on the individual's situation.The waiting period: This is the amount of time you must wait before the insurance company begins paying your benefits. Waiting periods can range from 30 to 90 days. The shorter the waiting period, the higher the premium.Complete question
"What are some of the things to consider when purchasing disability insurance?
Chose all appropriate answers.
- How does the policy define disabilities?
-What dollar amount or percentage is promised? How are amounts affected by Social Security and other factors?
- For how long do the benefits last?
- When do benefits begin being paid?"
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A _______________ policy has death benefit that can increase or decrease over time based on stock market performance, but with a guaranteed minimum death benefit, a choice of subaccounts in which cash value may be allocated, and a fixed premium.
A variable universal life insurance policy has death benefit that can increase or decrease over time based on stock market performance, but with a guaranteed minimum death benefit, a choice of subaccounts in which cash value may be allocated, and a fixed premium.
Variable universal life insurance is a type of permanent life insurance that allows policyholders to invest in a variety of subaccounts, which are similar to mutual funds, and potentially earn higher returns than with traditional whole life insurance policies. The cash value of the policy can fluctuate based on the performance of the subaccounts, giving policyholders more flexibility and control over their investments.
However, because the cash value of the policy is tied to the performance of the stock market, there is also a higher level of risk involved. If the subaccounts underperform or if the policyholder withdraws too much cash value from the policy, the death benefit may decrease or the policy may even lapse.
As with any type of life insurance, it is important for individuals to carefully consider their needs and goals before purchasing a variable universal life insurance policy. Working with a financial advisor or insurance professional can help individuals make an informed decision about whether this type of policy is right for them.
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When sold for $725.00, a certain desktop has an annual supply of 123.5 million computers and an annual demand of 155.5 million computers. When the price increases to $849.00, the annual supply increases to 144 million computers, and the demand drops to 140.5 million computers. NOTE: Round slope and vertical intercept to 4 decimal places and use those rounded values to the end. (a) Assuming that the supply and demand equations are linear, find the supply and demand equations. Supply Equation p= Demand Equation p= (Note: The equations should be in the form p=mq+b where p denotes the price (in dollars) and q denotes the quantity (in billions). The slope and y-intercept should be accurate to two decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p= Equilibrium quantity q= Note: The equilibrium price and quantity should be accurate to two decimal places, nd the equilibrium price should include a dollar sign).
The equilibrium price is approximately $728.24, and the equilibrium quantity is approximately 138.84 billion computers.
(a) To find the supply and demand equations, we need to determine the slope (m) and y-intercept (b) for each equation. Let's start with the supply equation:
Using the given points (123.5, 725) and (144, 849), we can calculate the slope as:
m = (849 - 725) / (144 - 123.5) ≈ 0.7792
To find the y-intercept (b), we can substitute one of the points into the equation and solve for b. Let's use (123.5, 725):
725 = 0.7792 * 123.5 + b
725 ≈ 96.16 + b
b ≈ 725 - 96.16 ≈ 628.84
Therefore, the supply equation is approximately p = 0.7792q + 628.84.
Now let's find the demand equation using the given points (155.5, 725) and (140.5, 849):
m = (849 - 725) / (140.5 - 155.5) ≈ -0.7193
Using (155.5, 725):
725 = -0.7193 * 155.5 + b
725 ≈ -111.99 + b
b ≈ 725 + 111.99 ≈ 836.99
Thus, the demand equation is approximately p = -0.7193q + 836.99.
(b) The equilibrium price and quantity occur when the supply equals the demand, so we can set the supply and demand equations equal to each other:
0.7792q + 628.84 = -0.7193q + 836.99
Simplifying the equation, we get:
1.4985q = 208.15
q ≈ 138.84
Substituting this value into either equation, we find:
p ≈ 0.7792 * 138.84 + 628.84
p ≈ 728.24
Therefore, the equilibrium price is approximately $728.24, and the equilibrium quantity is approximately 138.84 billion computers.
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the coverage for damage to an aircraft under the care, custody, and control of the insured while the plane is in storage is?
The coverage for damage to an aircraft under the care, custody, and control of the insured while the plane is in storage is called Ground Risk Hull Insurance.
Ground Risk Hull Insurance is a type of coverage that applies when an aircraft is not in use and is stored for a period of time. It provides coverage for any physical damage to the aircraft during the time it is in storage.
The coverage is limited to physical loss or damage from certain perils such as fire, lightning, hail, windstorm, aircraft collision, etc.
This type of coverage is often excluded from standard hull and liability policies, so it is important for aircraft owners to check their policy for coverage when the aircraft is in storage.
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What is institutional advertising focused on promoting?
A.
A company
B.
The Internet
C.
A service
D.
A good
Answer:
B
Explanation:
Answer:
It is option A. A company.
Explanation:
I got 100 on Ed 2020
Harriet Kirby, a fund raising manager at a women's rights organization, experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event. The bank backed out at the last minute. This year, when a renowned international bank executive showed interest in sponsoring the organization's upcoming annual event, Kirby rejected their participation. She felt that banks have a casual approach toward charity events and it is risky to involve them in the event. Which of the following best characterizes Kirby's decision?
A) selective perception
B) cognitive dissonance
C) self-serving bias
D) bandwagon effect
E) self-fulfilling prophecy
Answer:
A
Explanation:
selective perception is a form of bias when new information is interpreted in a way that conforms to existing values and beliefs.
Fenton is designing a new science building for a university. He proposes moving the site closer to the bank of a river that runs along the campus’s southwest border in order to take advantage of hydroelectric power for the building. This would require taking over part of a field and woodlands area that students use for relaxation and various school activities. Also, building over open land doesn’t contribute to the forward-thinking image university officials want the new building to project. What is the most significant problem with Fenton’s plans?
It focuses too much on the value of hydroelectric power without considering other sustainable sources.
It focuses too much on one issue of sustainability without considering the big picture.
It doesn’t take the potential for negative popular opinion among the student body into account.
It doesn’t focus enough on the symbolic implications of the building’s location.
Answer:a point inside the PPC
a point outside the PPC
A manufacturing unit uses all its
resources efficiently.
Andrew has 5 hours to complete his
homework but uses only 3 hours, so
he doesn’t complete it.
A country acquires part of its neighboring
country.
Explanation:
an agreement between a buyer and a seller about payment for merchandise.
The agreement between a buyer and a seller about payment for merchandise is commonly referred to as a ""sales contract"" or ""sales agreement".
" This document outlines the terms and conditions of the sale, including the price of the merchandise, the payment schedule, and any other applicable fees or charges.
The agreement between a buyer and a seller about payment for merchandise is commonly referred to as a ""sales contract"" or ""sales agreement."" This document outlines the terms and conditions of the sale, including the price of the merchandise, the payment schedule, and any other applicable fees or charges.
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2. Assume that there are two members in the family. The utility function is Uj=αjln(xj)+ (1−αj)ln(G),j=1,2.xj is private consumption with price equal to 1.G is household public good with price equal to p. each member has an income yj. (1) Assume that each member is choosing their consumption xj and the contribution to the public good gj to maximize their own utility. Please provide the Nash equilibrium solution to this question. (2) Assume that there is social planner trying to maximize the aggregate utility of this family. The aggregate utility is U1+μU2. Please get the optimal solution for the social planner. (3) Compare the solutions in (1) and (2), what can you get?
(1) Nash Equilibrium Solution In a Nash Equilibrium Solution, both members would maximize their utility functions given that the other person is consuming some amount of private consumption and contributing to the public good.
α1= (y1+p)/(2y1 + p)α2= (y2+p)/(2y2 + p)x1 = (y1+p)/2α1, x2 = (y2+p)/2α2G = (y1+p)(y2+p)/(2p + y1+y2)(2)
The social planner aims to maximize the aggregate utility of the family which is U1+ μU2. The optimal solution for the social planner will be the solution that maximizes the aggregate utility of the family.
U1 = α1 ln x1 + (1-α1)ln GU2 = α2 ln x2 + (1-α2)
ln G The social planner will maximize the following function:
U1+ μU2= α1 ln x1 + (1-α1)ln G+ μ [ α2 ln x2 + (1-α2)ln G]
The optimal solution for the social planner is:
α1+ μα2= 1/2x1 = x2 = (y1+y2+p)/(2α1 + 2α2)(3)
Comparison of Solutions in (1) and (2)The Nash Equilibrium Solution in (1) and the Optimal Solution for the Social Planner in (2) are compared in the table below: Nash Equilibrium Solution Optimal Solution for Social Plannerα1
= (y1+p)/(2y1 + p)α2= (y2+p)/(2y2 + p)α1+ μα2= 1/2x1
= (y1+p)/2α1x2 = (y2+p)/2α2x1 = x2 = (y1+y2+p)/(2α1 + 2α2)
However, the weights placed on the contributions to the public good are different. The Nash Equilibrium Solution in (1) is determined by individual's willingness to contribute to the public good. The Optimal Solution for the Social Planner in (2) is determined by the planner's willingness to contribute to the public good.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
a crafty operations manager has developed this decision tree to evaluate the alternatives for a planned expansion. if the probability of high demand is 0.6, what is the best course of action?
Compare the expected values and choose the alternative with the highest value, as that would be the best course of action.
Evaluate the alternatives for a planned expansionTo evaluate the alternatives for a planned expansion, a crafty operations manager has developed this decision tree.
If the probability of high demand is 0.6, the best course of action is to expand.
The probability of low demand is 0.4, and the cost of expanding when demand is low is 500,000.
The benefit of expanding when demand is low is 200,000, while the cost of not expanding when demand is high is 100,000.
The profit from expanding when demand is high is 700,000, while the cost of not expanding when demand is low is 300,000.
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Quick! Suppose a local pizza place is hiring, with a big sign in the window saying HELP WANTED. You walk in, interested in the job. What would you say to convince them to hire you?
What are taco meat made out of my mom won’t tell me?
Answer:
beef
Explanation:
it depends on what type of taco meat but it's mostly beef
An example of form utility is when a customer gives cash in exchange for a pair of
sunglasses.
O TRUE
O FALSE
Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. Banks typically loan out a portion of customer deposits. Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.
Answer:
false
true
true
true
false
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Fractional banking is practiced in the US
Bank run is when depositors withdraw their monies from the bank due to fear of the bank failing.
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sabrina company's: (select all that apply.)multiple select question.
Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.
What is equity?Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.
What is liabilities?A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
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