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How are the thoracic and abdominal cavities separated?
Sales Tax
A tax levied on sales of goods and services, typically calculated as a percentage of the sale price.
Inventory Shrinkage
The loss of inventory that can occur from theft, damage, or administrative errors.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Single-Step Income Statement
A simplified income statement that calculates net income by subtracting expenses from revenues in one step.
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