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According to Equity Theory,which is NOT an action an employee will take in response to feelings of inequity?
Accounting Period
A specific period of time for which financial records are maintained and financial statements are prepared.
Unearned Revenue
Refers to the money received by a company for goods or services yet to be delivered or performed, thus considered a liability.
Prepayment
The act of paying for a good, service, or expense in advance before receiving or incurring it.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.
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