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McDonald's, KFC, Baskin-Robbins, and AAMCO all make use of the __________ form of contractual distribution system.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity.
Adjusted Balance
An accounting figure reached after adjusting the book balance of an account for checks and deposits in transit, fees, or errors.
Balance Per Bank
The amount of money that a company's bank account shows according to the bank's records.
Outstanding Checks
Checks that have been written and recorded in the accounting records but have not yet been cashed or cleared by the bank.
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