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Which of the following journals would a company use to record period-end adjusting entries to accrue revenues?
Property, Plant, and Equipment
Long-term tangible assets owned by a business, used in its operations to generate income, usually including buildings, machinery, and vehicles.
Net Operating Income
An indicator of a firm's earnings derived from its primary, ongoing business activities, not taking into account the subtraction of interest and taxes.
Retained Earnings
The portion of a company's profits that is saved or retained for reinvestment in the business, rather than being paid out as dividends to shareholders.
Direct Labor
The wages and other payroll costs of the employees who directly produce goods or services.
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