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The intellectual property for a new invention is what kind of property?
Temporary Accounts
Accounts used to collect information during a single accounting period, which are reset by transferring the balance to a permanent account at the period's end.
Prepaid Expenses
Items such as supplies that will be used in the business in the future.
Current Assets
Assets that a company expects to convert into cash, sell, or consume within one year or during its operating cycle, whichever is longer.
Post-closing Trial Balance
A summary listing of all company accounts that remain after closing entries have been made, serving as a check that debits equal credits.
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