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Identify which of the following would be recorded as external events, recorded as internal events, or not recorded.
-The company hires a new marketing firm for their new product
Financial Data
Quantitative details about the financial status of a company, including balance sheet, income statement, and cash flow statement information.
Residual Income
Income that continues to be generated after the initial effort has been expended, often used in personal finance and corporate finance to denote surplus cash flows.
Invested Assets
Invested assets refer to the resources that have been allocated by an individual or company toward investments with the expectation of generating future profits.
Total Assets
The sum of all resources controlled by a company as a result of past transactions, expected to provide future economic benefits, including both current and non-current assets.
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