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Why should marketers be aware of the BRIC countries?
Accrued Revenues
Revenues that have been earned but not yet received in cash or recorded at the statement date.
Accounting Period
A specific period of time for which financial accounts are prepared, commonly a year or a quarter.
Salaries Expense
Represents the total amount paid to employees as wages or salaries before any deductions, recognized in the accounting period in which employees' services are utilized.
Year-End Adjusting Entry
An accounting entry made at the end of a fiscal year to update accounts for revenues earned or expenses incurred but not yet recorded.
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