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What is validity? Describe the three kinds of test validity.
Expense Account(s)
Accounts used to record the costs incurred in the operation of a business, such as rent, utilities, and salaries, which are used to calculate net income.
Assets
Resources owned by a business that have economic value and can be used to meet debts or commitments.
Companionship
A close relationship between individuals where they share company and support, often providing emotional comfort and friendship.
Widowed
Refers to the status of a person whose spouse has died and who has not remarried.
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