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What distinguished the third and final migration from Asia to the Americas from the previous two?
Expense Account
An account used to record the costs incurred by a business in the process of generating revenue, excluding direct materials and direct labor expenses.
Asset Account
An account on a company's balance sheet that represents the value of the assets owned.
Unearned Revenue
Unearned Revenue represents money received by a company for goods or services yet to be delivered or performed, considered a liability until the revenue is earned.
Liability Account
An accounting category used for recording debts or obligations that a company owes to others, typically excluding equity or ownership stakes.
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