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Click in the boxed areas to the right of each item below. A pick list will launch. Click on the pick list icon to

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Click in the boxed areas to the right of each item below. A pick list will launch. Click on the pick list icon to reveal a drop-down menu of choices. Select the correct choice to turn the boxed area green. Assumes that business activity can be divided into intervals Ends on December 31 Like revenue, but peripheral transaction or event Recording as natural increase occurs Annual accounting period not beginning on January 1 Subtracted from revenues in determining income

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