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The text suggests that a good first step in researching a broad topic is to
Service Business
A business that provides intangible products or services to customers rather than physical goods.
Closing Entries
The entries that transfer the balances of the revenue, expense, and drawing accounts to the owner’s capital account.
Ratio of Sales
A financial metric used to analyze a company's performance, efficiency, or market position, calculated by comparing sales figures to various other components.
Assets
The resources owned by a business.
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