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j . States that assets should be recorded at their actual cost on the date of purchase k . Mechanical part of accounting l .
j
States that assets should be recorded at their actual cost on the date of purchase
k
Mechanical part of accounting
l
Also called the statement of financial position
m
Economic resources that are expected to produce a benefits in the future
n
Entities that provide money to finance a company's operations
o
Answers the question "How well did the company perform during the period?"
p
Reports cash flows from operating, investing, and financing activities
q
A business organization form with two or more owners who are each personally liable for all of the businesss debts
r
Insider claims of a business
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