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The stock of well-known, high-quality firms, such as Coca-Cola, General Electric, and Procter & Gamble, fit the characteristics of ________ stocks, because investors can almost always be assured a dividend and consistent stock price appreciation.
Financial Statements
Reports that provide an overview of a company's financial condition, including income statement, balance sheet, statement of cash flows, and statement of changes in equity.
Capital Assets
Long-term assets that a business uses in its operations and that are not intended for resale, such as property, plant, and equipment.
Deferral Method
An accounting practice that involves postponing the recognition of revenue or expenses until a future date.
Restricted Fund Method
An accounting practice for nonprofit organizations, segregating funds according to restrictions imposed by donors.
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