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Lexie Just Bought a New Smartphone and Is Looking Through

question 23

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Lexie just bought a new smartphone and is looking through the pre-installed apps.She sees several apps she recognizes and some that are new to her.One of the apps is named for the manufacturer of her phone.What kind of app is this?


Definitions:

Accounts

Financial records of a company's transactions, categorized into assets, liabilities, equity, revenue, and expenses.

Generally Accepted Accounting Principles

A set of accounting rules and standards used in the preparation of financial statements to ensure consistency and comparability.

Double-entry System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Logical Method

A reasoned, systematic approach to solving problems or making decisions, often based on a sequence of steps or a set of established principles.

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