Final answer:
Capital represents the money and other assets owned by a business or person. Liabilities, on the other hand, represent obligations or debts, while stock typically refers to ownership shares in a company. It can include cash, property, equipment, investments, and other valuable assets.
Step-by-step explanation:
The money and other assets owned by a business or person are called capital. Capital represents the financial resources that a business or individual possesses. It can include cash, property, equipment, investments, and other valuable assets. For example, if a person owns a restaurant, the money they have in the bank, the kitchen equipment, and the building in which the restaurant operates are all part of their capital.
Capital represents the financial resources owned by an individual or business. It includes money, property, investments, and other assets that contribute to the overall wealth and financial strength of the entity. Liabilities, on the other hand, represent obligations or debts, while stock typically refers to ownership shares in a company. Tax benefits are advantages or reductions in tax liability that a person or business may be eligible for based on specific circumstances or activities.