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Below are eight definitions related to accounting terms: a. a business owned by a single owner b. a statement summarizing the revenues and expenses for
Below are eight definitions related to accounting terms: a. a business owned by a single owner b. a statement summarizing the revenues and expenses for a given period c. resources that provide future economic benefits to a business d. claims by outsiders on the resources of a business e. revenues less expenses f. a business owned by shareholders g. shows the net change in the cash account for a given period h. a formal listing of the accounting equation on a specified date
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