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Research shows that people who learned a list of words while in a happy mood recalled them better when they were again happy. People who learned the list while sad remembered best when they were sad. This illustrates
Adjusting Journal Entry
A journal entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the financial statements comply with the accrual concept of accounting.
Supplies Account
An account that records the costs of supplies on hand and used by a business, which can be a significant part of operating expenses depending on the business type.
Year-End Adjustment
Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.
Insurance Policy
A contract between an insurer and a policyholder that outlines the terms under which the insurer agrees to compensate the policyholder for specific losses.
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