Examlex
The first required step in the accounting cycle is:
Distributive Property
A property that allows one to multiply a single term by each term within a parenthesis in a sum or difference.
Real Numbers
The set of all rational and irrational numbers, including all numbers that can be written as a decimal.
Associative Property
A mathematical principle stating that the way in which terms are grouped in an operation (addition or multiplication) does not change the result.
Addition
The mathematical operation that combines two or more quantities into a single sum.
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