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Two-year-old Hannah said the word hell in the middle of dinner, and her parents immediately stopped talking to each other and scolded her. They spent the rest of the meal paying close attention to what Hannah said. Later, Hannah says hell repeatedly, and each time her parents spend time talking to her and paying attention to her. In this situation, the parents' attention is a __________, and Hannah's inappropriate language is a(n) __________.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle.
LIFO
Last In, First Out, an inventory valuation method that assumes the most recently acquired items are sold first, affecting accounting and tax calculations.
FIFO
"First In, First Out," an inventory valuation method where goods first acquired are the first to be sold.
Current Cost
The cost that would be incurred to purchase an asset or service at the present time, contrasting historical cost.
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