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Click hereFrom A take L; you get OE
Which stands for Owners Equity.
For A means Assets if you please
And L means Liabilities.
But if you want to add some stuff
And make the problem kind of tough
Take A, add E less L and S
You get OE, if you can't guess.
For E's Expenses; S is Sales
This one equation never fails.
You may have learned enough today
For you to be a CPA
. . . it all adds up to one smart verse (not just a PrettyAss, eh?)