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The _______________________ is a record containing all accounts used by a company as well as the transactions and ending balances of each of the accounts.
Either answer is acceptable.
Marginal Cost
The price of fabricating another unit of a good or service.
Total Cost
The sum of all costs incurred in the production of goods or services, including fixed and variable costs.
Fixed Cost
A cost that does not change with the level of output or sales, such as rent, salaries, and insurance.
Insurance Premiums
The amount of money that an individual or business must pay for an insurance policy.
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