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What is one way in which geologic knowledge is used to help humans?
Accrual Adjusting Entry
An accounting entry made to record revenues earned or expenses incurred that have not yet been recorded through regular transactions.
Insurance Expense
Costs incurred by a business for insurance coverage, considered an operating expense.
Prepaid Rent
An advance payment for rent that is recorded as an asset on the balance sheet until it is incurred as an expense.
Interest Expense
The cost incurred by an entity for borrowed funds, such as loans or bonds, over a specific period.
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