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Which of the following statements about monocot roots is FALSE?
Revenue
Sum total of revenues earned from transactions involving goods or services that are fundamental to a company's main line of business.
Temporary Account
An account used to track transactions within a fiscal period, which is closed and zeroed out at the period's end, moving its balances to permanent accounts.
Service Fees
Charges for professional services provided by businesses to their customers.
Rent Expense
The cost incurred by a business to utilize property or equipment for business operations.
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