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One of the practical reasons that virtually all prominent candidates for the presidency and Congress run as Democrats or Republicans is that
Copyright Protection
Legal right granted to the creator of original works of authorship, including literary, dramatic, musical, and certain other intellectual works, to control and profit from their use for a certain period.
Normal Balance
The side (debit or credit) of an account that is expected to have a positive balance, determining the increase or decrease of an account.
Financial Statement
Reports that detail a company's financial activities over a specific period, crucial for investors, management, and regulators.
Permanent/Temporary
Refers to accounting records: permanent accounts track financial activities that span over multiple fiscal years; temporary accounts measure activity within a single fiscal year.
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