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Which of the following are good tests of the equilibrium apparatus?
Depreciation Expense
A non-cash expense recorded on the income statement, reflecting the gradual reduction of an asset's value over its useful life.
Net Loss
When expenses total more than revenue, the result is net loss.
Supplies on Hand
An accounting term representing the total value of the physical goods, materials, and supplies a company possesses that have not been used yet.
Net Cash Flow
The difference between a company's cash inflows and outflows within a specified period.
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