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The extent to which compensation plans are integrated depends on whether the two companies are going to be managed separated or integrated.
Prepaid Insurance
An asset account that represents payments made in advance for insurance coverage, which has not yet expired.
Normal Balances
The typical sides (debit or credit) where increases to accounts are recorded in double-entry bookkeeping.
Debit Balance
A debit balance is the remaining amount in a financial account that occurs when total debits exceed total credits.
Credit Balance
The amount of money that a company or individual has available in their account, indicating a situation where the total credits exceed the total debits.
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