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Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. =

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Consider the following accounting terms and definitions, and match each term to the definition: (Click the icon to view the definitions.) (Abbreviations used: Stmt. = Statement;ret. = retained; beg. = beginning.) Definition 1. 2. Term Accounting equation Asset Balance sheet Expense 6. 7. Income statement Liability Net income Net loss 10. Revenue Stmt. of cash flows Stmt. of ret. earnings 11

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