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Listed as follows are nine technical terms used in this chapter. Liquidity Nominal accounts Adequate disclosure After-closing trial balance Income Summary Interim financial statement Each
Listed as follows are nine technical terms used in this chapter. Liquidity Nominal accounts Adequate disclosure After-closing trial balance Income Summary Interim financial statement Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer None" if the statement does not describe any of the items. a. The accounting principle intended to assist users in interpreting financial statements
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