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Uniformitarianism is the theory that
Accruing Interest
The process of recognizing interest expense or income that has been incurred but not yet paid or received, over a period of time.
Depreciation Expense
An accounting method that allocates the cost of tangible assets over their useful lives, reflecting the reduction of value over time.
Previously Accrued Wages
These are wages that have been earned by employees but have not yet been paid out by the company.
Operating Income
Earnings generated from a company's regular business operations, excluding deductions of interest and taxes.
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