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An unbiased estimator will have a value,on average across samples,equal to the population parameter value.
Prepaid Expenses
Expenses paid in advance by a company for goods or services to be received in the future.
Adjusting Process
The procedure used in accounting to record and reconcile expenses and revenues in the appropriate accounting period.
Accrued Expenses
Expenses that have been incurred but not yet paid, recognized on the books before they are paid for.
Accrued Revenues
Revenues earned during a specific accounting period but not yet received in cash or recorded in the books.
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