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The 1792 election was the first presidential race following the initial election of George Washington as first president, and Washington ran unopposed for his second term. Which of the following is true concerning this election?
Long-term Investments
Assets that a company intends to hold for more than one year, typically including stocks, bonds, or real estate, aimed at generating long-term income or appreciation.
Intangible Assets
Non-physical assets of value to a company, such as patents, trademarks, goodwill, and copyrights.
Normal Account Balance
The typical or expected balance of an account, where asset and expense accounts are usually debit balances and liability, equity, and revenue accounts are credit balances.
Revenue Account
An account that tracks the income a company generates from its business activities.
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