Basic Equation

Liabilites :

Equity :

Anything of value owned by a company

Revenue :

Operating Expenses :

Measures profit

Assets :

Liabilites :

Measures a company's assets, after liabilities are paid

Revenue :

Cost of Goods Sold :

Measures profit after cost of goods sold are paid

Assets :

Equity :

A financial obligation

Gross Profit :

Operating Expenses :

Taxes :

Interest :

Measure of profit after all associated costs are paid

Gross Profit :

Operating Expenses :

Profit earned from a company's main activities

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