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Graph 22-2
-Refer to Graph 22-2.Which of the graphs shown reflects an increase in income?
Gifts
Items or funds given voluntarily without compensation by one party to another, often as a gesture of goodwill or to mark a special occasion.
Conditions
Terms or stipulations specified in a contract or agreement that must be fulfilled before certain obligations or rights become effective.
Bailee
A person or entity who is given possession but not ownership of an item for a particular purpose.
Bailment
Bailment occurs when property is temporarily transferred from its owner (bailor) to another person (bailee) for a specific purpose, without transferring ownership.
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