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The difference between the Old Lights and New Lights was that:
Statement
A record that summarizes financial activities, such as income and expenses, over a specific period.
Design Services
Professional services that envision and plan the construction, functionality, and aesthetics of various projects or components.
Accounting Equation
The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Equity, representing the relationship between an entity’s resources and how those resources are financed.
Cash Dividends
Payments made by a corporation to its shareholder members, usually derived from the company’s profits.
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