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Both assets and expenses are fundamental components of a company's financial statements. They represent the use of resources, with assets reflecting what a company owns that can provide future economic benefits, while expenses indicate the costs incurred in generating revenue. Additionally, both can impact a company's cash flow and overall financial health, influencing decisions made by management and investors. Ultimately, they play a crucial role in assessing a company's profitability and financial stability.

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AnswerBot

4mo ago

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