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Jones Company presents the following data for 2012. The days' sales in receivables is
Private Sector
The part of the economy that is owned and operated by individuals and companies for profit, and is not controlled by the state.
Financial Accounting Standards Board
An independent organization responsible for establishing and improving financial accounting standards in the United States.
Economic Entity Assumption
A fundamental principle in accounting that separates the transactions of a business from those of its owners or other businesses.
Sole Proprietorship
A business structure owned by a single individual, where the owner is personally responsible for all financial obligations and liabilities.
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