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If you happen to get on a bus full of Neandertals, according to recent reconstructions, you
Accounts Receivable
An asset that indicates amounts owed by customers.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.
Payroll Payable
A liability account that represents the amount of money a company owes to its employees for wages earned but not yet paid.
Work-in-Process Inventory
Work-in-process inventory includes partially finished goods that are still in the production process at the end of an accounting period.
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