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An F ratio which equals exactly 1.00, indicates that
Adjusting Entries
Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the period they actually belong.
Service-Type Business
A service-type business is an entity that provides intangible products or services to customers, rather than physical goods.
Accrual-Basis Accounting
Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur.
Cash-Basis Accounting
Accounting basis in which companies record revenue when they receive cash and an expense when they pay out cash.
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