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Multiply, and then simplify if possible. Assume all variables represent positive real numbers.
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Unearned Rent
Payment received for rent before the rental period has occurred, classified as a liability until earned.
Office Supplies
Items used in offices on a regular basis for administrative tasks or operations, including pens, paper, and staplers.
Accounts Payable
Money owed by a business to its suppliers for goods or services that have been delivered or used but not yet paid for.
Accounts Receivable
Debts owed by clients to a corporation for items or services that have been supplied but are still unpaid.
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