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A friend of yours tells you that he thinks he is mildly depressed, but he's not sure. Knowing that you are studying abnormal psychology, he asks if there is any kind of laboratory test that could determine whether or not someone is depressed. You respond correctly with one of the following statements:
Trial Balance
A financial report that lists all accounts and their balances at a specific point in time, ensuring that debits equal credits.
General Ledger Accounts
Individual accounts in the general ledger that record all transactions of a company, used to prepare financial statements.
Liquidity
The simplicity of turning an asset into cash without impacting its market value.
Long-Term Investments
Assets that a company intends to hold for more than one year, including stocks, bonds, real estate, and other financial investments.
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