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When price elasticity of supply is _____, this tends to increase the portion of the tax paid by sellers.
Adjusted Trial Balance
A financial statement listing all accounts and their balances after adjusting entries have been made, ensuring the total debits equal total credits.
Close Revenue
The process of transferring the balances of all revenue accounts to the income summary account at the end of an accounting period.
Expense Accounts
Accounts used in accounting to record all expenses a company incurs during a specific period.
Adjusted Trial Balance
An adjusted trial balance is a listing of all company accounts that will appear in the financial statements after adjusting entries have been made for the accounting period.
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