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Which of the following is an accurate representation of the data hierarchy from smallest to largest?
Cash Receipt
Documentation or evidence of receiving money in the form of cash, indicating the transaction date, amount, and other relevant details.
Interim Quarterly Income Statements
Financial statements reporting a company's revenue, expenses, and net income on a quarterly basis, providing updates between annual reports.
Major Repairs
Expenditures that substantially extend the useful life of an asset or improve its functionality, as opposed to regular maintenance.
Insurance
Insurance is a financial product that provides protection against potential future losses or damages, in exchange for premium payments.
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