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Malcolm works at Lazard and is analyzing the financial statements of Thompson Corporation. Malcolm notes that some information is carried forward from one accounting period
Malcolm works at Lazard and is analyzing the financial statements of Thompson Corporation. Malcolm notes that some information
is carried forward from one accounting period to the next. This scenario represents which type of accounts?
A
Permanent Accounts
B
Period Cost Accounts
Income Statement Accounts
D
Temporary Accounts
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