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What principle did the Founding Fathers learn from Aristotle?
Adjusting Journal Entry
An entry made in the accounting journals at the end of an accounting period to allocate items between accounting periods.
Allowance for Doubtful Accounts
An estimate of the amount of accounts receivable that may not be collected, used to reduce the carrying amount of receivables on the balance sheet.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal.
Interest Revenue
Income received from investments, savings, or as a payment for lending money.
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