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A(n) ________ represents the probability that the results from an experiment are due to chance.
Equipment
Tangible assets used in operations, such as machinery or office hardware, that play a key role in business operations and productivity.
Allowance for Repairs
A reserve of funds set aside by a company to cover anticipated repair costs for its assets.
Deferred Credit
Liabilities or income that have been recognized but not yet earned, and therefore, postponed to a future accounting period.
Contra Account
An account that is used to reduce the value of a related account on a financial statement and presents the net balance of both accounts.
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