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The discipline of sociology was given its name by the French theorist:
Balance Sheet
A financial statement that displays the company's assets, liabilities, and shareholders' equity at a specific point in time, offering insight into its fiscal health.
Direct Write-Off Method
A method of accounting for bad debts that charges the amount of an outstanding account directly to the expense account at the time it is deemed uncollectable.
Accounting Equation
A fundamental principle of accounting that equates assets with the sum of liabilities and shareholders' equity (Assets = Liabilities + Equity).
Partial Balance Sheet
A financial statement that shows a subset of the assets, liabilities, and equity of a company at a specific point in time.
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