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A partial return of power to state and local governments from the national government is called
Current Asset
An asset on the company's balance sheet that is expected to be converted into cash within one year of the reporting date.
Adjusted Trial Balance
A statement that lists all accounts and their balances after adjusting entries are made, used to prepare financial statements.
Unadjusted Trial Balance
A preliminary report listing all the accounts and their balances from the general ledger before any adjusting entries are made to prepare financial statements.
Contra Asset Account
An account on a company's balance sheet that reduces the total amount of the company's asset accounts.
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