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A(n) _________________________ is a programming package designed for a particular platform (such as iPhone, Android, Java, or Windows) that enables programmers to develop applications for that platform more quickly and easily.
Liabilities
Financial obligations or debts that a business owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.
Expense Recognition Principle
The accounting principle that dictates expenses should be recognized in the period in which they are incurred, contributing to the accurate reporting of financial results.
Wages Expense
The total cost incurred by an enterprise for the wages paid to employees, reported on the income statement.
Operating Cycle
The time period between the acquisition of goods for sale and the receipt of cash from customers, measuring the efficiency of a company's operational processes.
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