It is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
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Solution 1
The concept you are describing refers to equity or owner's equity in accounting and finance. Owner's equity represents the residual interest in the assets of an entity after all liabilities have been deducted. It reflects the ownership stake held by shareholders in a company, and it can also Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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