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Distinguish between psychological and physiological dependence, and briefly explain each
of the stages of drug dependence.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.
Long-term Note Payable
A debt obligation that is due for repayment beyond one year's time, representing a form of long-term financing.
Prepaid Expense
Expenses paid in advance for goods or services to be received in the future, considered as an asset on the balance sheet until fully consumed or used.
Balance Sheet
A financial overview presenting a business's total assets, current liabilities, and the equity portion of its shareholders on a designated day.
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