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Statement of Retained Earnings
A financial document that summarizes the changes in retained earnings for a specific period, factoring in net income and dividends paid.
Adjusted Trial Balance
A list of all accounts and their final balances after adjusting entries have been made, used to prepare financial statements.
Unadjusted Trial Balance
A financial document listing all the accounts and their balances at a particular date, before any adjustments are made.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.
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