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(Figure: Externalities I) In this figure, which point includes a negative externality?
Trial Balance
A financial spreadsheet where all ledger balances are gathered into columns for debits and credits, ensuring both totals match.
Debit Column
The left-hand side of a ledger account, recording increases in assets and expenses, and decreases in liabilities, equity, and revenue.
Expense Recognition Principle
An accounting principle that dictates expenses should be recognized in the period in which they are incurred to earn revenues.
Efforts
The use of physical or mental energy to achieve tasks and goals.
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