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When 12-month-olds saw an experimenter look at and demonstrate an interest in one of two toy stuffed kittens, they:
Recent Invoices
The latest billing statements or documents issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices.
Full Disclosure Principle
The accounting principle that requires companies to fully disclose on their financial reports changes in accounting procedures and methods along with effects of the change as well as justification for change.
Inventory Valuation Method
The approach used to assess and report the value of a company's inventory, including methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and average cost.
Financial Reports
Documents that provide an overview of a business's financial condition, including balance sheets, income statements, and cash flow statements.
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