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When first training your dog,you say,"Good dog" and give her a doggie treat every time she lies down the way you want her to.After several trials,your dog learns that there is an association between the phrase "Good dog" and the appearance of a doggie treat and she will become excited and salivate each time you use this phrase.In fact,this same phrase can be used without doggie treats to reinforce your dog for other tricks.In this example,the phrase "Good dog" is both a:
Financial Statement
A formal record of the financial activities and position of a business, individual, or other entity.
Accrual Accounting
An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur, providing a more accurate picture of a company's financial condition.
Recorded
The act of documenting financial transactions in the accounting records or ledgers of a company.
Adjusted Trial Balance
A financial statement that lists all accounts of a company and their balances after adjustments have been made.
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