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_________is a term used to describe a home owner who is selling her house, when she makes a decision to sell her house to the first person who comes along, after getting the initial offer.
Correcting Entries
Journal entries made to amend previously recorded transactions or entries that were made incorrectly.
Balance Sheet Account
A financial statement line item that represents the assets, liabilities, and shareholders' equity at a specific point in time.
Income Statement Account
An account found on the income statement that records business transactions affecting the company's revenue, expenses, gains, and losses.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.
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