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To determine credit card average purchases,managers of Component City Stereo and Appliances reviewed credit card sales receipts from the previous three months.Managers are conducting marketing research by collecting and analyzing
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.
Unadjusted Trial Balance
A preliminary report of all accounts in the general ledger, before any adjusting entries are made to prepare financial statements.
Interim Financial Reports
financial statements prepared and published at intervals shorter than a fiscal year, such as quarterly or semi-annual reports.
Fiscal Year
A 12-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year.
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