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Define the following items: Unearned revenue (3 marks) Inventory (3 marks) Notes payable (3 marks) Prepaid insurance (3 marks) Long term bond (3 marks)

  1. Define the following items:

  1. Unearned revenue

(3 marks)

  1. Inventory

(3 marks)

  1. Notes payable

(3 marks)

  1. Prepaid insurance

(3 marks)

  1. Long term bond

(3 marks)

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