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Teachers at a Title I middle school were overheard discussing the low test scores of their impoverished students.Their comments included "They just don't try," "They were not taught to value achievement," and "Their parents don't care,so what do you expect?" What perspective is reflected in these teachers' comments?
Ledger
A comprehensive collection of a company's financial accounts, where transactions are recorded using a double-entry bookkeeping system.
Accrual Basis Accounting
An accounting method where revenues and expenses are recorded when earned or incurred, regardless of when the cash transactions occur.
Statement of Retained Earnings
A financial statement that shows the changes in a company's retained earnings over a specific period.
Net Income
The remaining profit of a company post deduction of all expenses, taxes, and costs from its total revenues.
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