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2. Write out the definitions of the following terms: For Assets, Liabilities and Expenses give 2 examples in addition to the definition. (2 points) Term

2. Write out the definitions of the following terms: For Assets, Liabilities and Expenses give 2 examples in addition to the definition. (2 points) Term Assets Examples: Liabilities Examples: Common Stock Revenues Expenses Examples: GAAP Accounts Receivable Accounts Payable Page Break" Write out the definitions of the following terms (1 point): Term Net income Retained earnings Definition Definition L

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