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Iron is important for optimal growth and development because it is _____
Income Statement Account
An account found on the income statement, which includes revenues, expenses, gains, and losses, affecting the net income of a business.
Adjusting Entries
Journal entries made at the end of an accounting period to update the accounting records for expenses and revenues not fully recorded during the period.
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until they are incurred.
Economic Value
The worth of a good or service determined by its ability to satisfy needs or wants, as well as its scarcity and utility.
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