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Which of the following is not true of conclusive presumptions?
Consulting Services
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Journal Entry
A record of a transaction in the accounting journal that details which accounts are affected and in what way.
Payment Promise
A commitment by one party to pay another, often documented in a formal agreement or note.
Common Stock
A type of security that represents ownership in a corporation, entitling holders to a share of the company’s profits through dividends and/or capital appreciation.
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