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All of the following are true statements about African American participation in the Civil War EXCEPT:
Unexpired Insurance
Portion of insurance premiums paid that has not yet been used as of a specific date, and is considered a current asset on the balance sheet.
Accounts Receivable
Financial obligations that customers or clients have to a company for products or services provided but not yet compensated for.
Fees Earned
Income received from providing services.
Adjusting Entry
An accounting record made to update the balance of accounts at the end of an accounting period to reflect the true financial position.
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