Write the Word or Phrase That Best Completes Each Statement

question 69

Short Answer

Write the word or phrase that best completes each statement or answers the question.
Provide the missing information.
-A is a polynomial that has two terms, and a is a polynomial with three terms.

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Definitions:

Adjusting Journal Entry

An accounting record made to amend the preliminary financial statements towards the accrual basis of accounting, ensuring all revenues and expenses are recorded in the correct period.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Assets

Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners truly own.