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In all situations, tax considerations are of primary importance. Do you agree or disagree? Support your answer.
Cash
Represents money in coins, currency, or bank balances that is readily available for use.
Supplies Expense
The cost associated with consumable items used during the business operations and not directly tied to the production of goods or services.
Fees Earned
Income earned from providing services or performing work, recognized in the accounting period when the services are rendered.
Cash
Money in the form of bills or coins; the most liquid asset available.
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