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Hi, need to submit a 500 words paper on the topic Finance Concepts. Personal Finance Concepts A company’s asset is defined as anything it owns that has the potential to produce future economic benefit

Hi, need to submit a 500 words paper on the topic Finance Concepts. Personal Finance Concepts A company’s asset is defined as anything it owns that has the potential to produce future economic benefit

When a company pays cash on accounts payable, total assets particularly the cash account decreases because there is an outflow of cash used to settle accounts payable.

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