Month: May 2021
Bookkeeping
Accounting Equation Overview, Formula, and Examples
If assets increase, either liabilities or owner’s equity must increase to balance out the equation. The Basic Accounting Equation is a simple equation that states that the total value of a company’s assets must be equal to the total value of its total liabilities and shareholder equity. When the total assets of a business increase, […]
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Sober living
The Long-Term Effects of Alcoholism: A Deeper Look
The total economic cost of excessive drinking in 2006,1 including costs for health care, productivity losses, and costs such as property damage and alcohol- related crime, was estimated to be $223.5 billion (see table) (Bouchery et al. 2011). Chronic alcoholism can result in liver diseases like cirrhosis, heart complications, digestive issues, nervous system damage, increased cancer […]
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