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If fertilizers are applied just before a heavy rain,
Amortization
The process of spreading out a loan or intangible asset cost over its useful life, thereby reducing it on the balance sheet over time.
Journal Entry
A recording of a transaction or adjustment in the accounting ledger that includes the accounts and amounts to be debited and credited.
Bonds Payable
Long-term debt securities issued by corporations or governments, promising to pay the holder a specified amount of interest and to repay the principal at maturity.
Contract Interest Rate
The interest rate specified within a financial contract, such as a loan or bond agreement, that determines the interest payments.
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