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Which two theorists concluded that the universality of stratification can be explained by the necessity to motivate the most qualified people to fill the most important and demanding positions in a society?
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account designated to approximate the amount of a company's accounts receivable that is likely uncollectible.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Maturity Value
The amount that will be payable to the holder of a financial instrument at the date of its maturity; it includes the principal amount plus any accrued interest.
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