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What is meant by menu costs?
Adjustment
Modifications made to book records in order to align them with the actual financial status or to reflect changes.
Current Asset
A category of assets that are likely to be converted into cash, sold, or consumed within one business cycle or one year.
Office Equipment
Tangible property (like desks, chairs, and computers) used in an office setting to perform work or operations.
Unearned Revenue
Funds paid to a person or corporation for goods or services that are to be provided or delivered in the future.
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