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15. (a) Define the terms assets, liabilities, and stockholders equity. (b) What items affect stockholders equity? 16. Which of these items are liabilities of White

15. (a) Define the terms assets, liabilities, and stockholders equity. (b) What items affect stockholders equity?

16. Which of these items are liabilities of White Glove Cleaning Service? (a) Cash. (f) Equipment. (b) Accounts payable. (g) Salaries and wages (c) Dividends. payable. (d) Accounts receivable. (h) Service revenue. (e) Supplies. (i) Rent expense.

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