The state of being legally responsible for something
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15
What is the revenue?
the money that a government receives from taxes or that an organization, etc. receives from its business
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15
What is the Net Income (NI)?
The Net income (NI) is calculated as revenues minus expenses, interest, and taxes.
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15
Can you describe what is a balance sheet?
A detailed summary of a company’s financial condition at a specific point in time, taking into account their assets, liabilities and equity
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15
What is a debt?
A sum of money that somebody owes
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15
What is the interest?
The extra money that you pay back when you borrow money or that you receive when you invest money
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seesaw
Swap points!
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seesaw
Swap points!
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rocket
Go to first place!
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thief
Give points!
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25
thief
Give points!
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25
seesaw
Swap points!
Okay!
shark
Other team loses 20 points!
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lifesaver
Give 15 points!
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boom
Lose 50 points!
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fairy
Take points!
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gift
Win 25 points!
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lifesaver
Give 20 points!
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15
What is one asset?
Something that is legally owned by a person or company
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15
What is the Net Worth?
Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company's health.
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15
Can you describe what expense is?
Money that is spent to purchase goods or services to be used by a company
