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Jennifer's supervisor has started giving her tasks to do that are important functions of the supervisor's job. They both see this as a way to prepare Jennifer for promotion into a supervisory position. This type of training is known as
Decreases
A reduction in the quantity, level, or intensity of something, such as expenses, assets, or liabilities.
Prepaid Insurance
An asset account that represents insurance payments made in advance for coverage extending beyond the current accounting period.
Accounts Payable
Amounts owed by a business to its suppliers shown as a liability on a company’s balance sheet and typically due within a short period of time, often 30 to 90 days.
Equipment
Tangible assets used in the operations of a business, not intended for sale, and depreciated over time.
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