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Match Each Term with the Correct Statement Below

question 23

Multiple Choice

Match each term with the correct statement below.
-copying that the copier claims is original with him; the claim causes the copier's audience to behave otherwise that if it would if it knew the truth


Definitions:

Unearned Fees

Income received by a business for services that have yet to be performed or delivered, considered a liability until the service is completed.

Unearned Revenue

Money received by a company for goods or services that have yet to be provided to the customer.

Accrued Wages

Salaries or wages that have been earned by employees but have not yet been paid by the company.

Net Income

What a company ultimately earns in profit once expenses and taxes are removed from its total income.

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