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In the stock market, profiting from inside information:
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded in the financial statements, representing future obligations.
Accrued Revenue
Revenue that has been earned but not yet received in cash or recorded by the accounting system.
Reversing Entries
Reversing entries are journal entries made at the beginning of an accounting period to negate the effects of certain adjustments made in the previous period.
Classified Balance Sheet
A financial statement that groups assets, liabilities, and equity into categorized sections for easier analysis.
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