Examlex
Teaching a child to match printed words to pictures, then pictures to the actual objects, and then testing to determine if the child can now match printed words to the actual objects is known as:
Intangible Assets
Non-physical assets with value to a business, such as trademarks, patents, goodwill, and copyrights.
Accruals
Accounting adjustments for revenues that have been earned or expenses that have been incurred but have not yet been recorded through a cash transaction.
Accrual Accounting
Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.
Cash Basis Accounting
An accounting method recording transactions when cash is received or paid, irrespective of when revenues or expenses were incurred.
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