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When recording a transaction in a journal,the account listed first is always the:
Long-term Liability
Financial obligations of a company that are due beyond one year, such as bonds payable, long-term loans, and lease obligations.
Wage Bracket Withholding Table
A reference table used by employers to determine the amount of tax to withhold from an employee's paycheck based on their earnings and filing status.
Obsolescence
Obsolescence refers to the process of becoming outdated or no longer used, often due to the introduction of newer and more effective products, technologies, or processes.
Plant Assets
Long-term tangible assets used in the operating activities of a business, such as buildings, machinery, and equipment.
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