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Please fill in the blanks. 5. 6. is a liability account for goods received by a business but not paid for yet. have been

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Please fill in the blanks. 5. 6. is a liability account for goods received by a business but not paid for yet. have been incurred (service used) in the period but cash has not been paid yet. 7. From the company buying inventory's perspective, accounts 8. We use reflects the amount owed to a vendor. to recognize the cost of an intangible asset over the periods it is used. 9. Net income kept in the business and not paid in dividends goes into the 10. In preparing a statement of cash flows, an increase in the Common Stock during a period would be a(n). account on the balance sheet. activity.

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