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Speed humps, traffic circles and chicanes are examples of
Accrued Expense
An expense that has been incurred but has not yet been paid or recorded in financial statements through standard accounting entries.
Liabilities
Financial obligations or debts owed by a business to external organizations or individuals.
Accrued Revenues
Assets (receivables) created when revenues are earned, but cash will be collected from customers in the future; created at end of period during the adjustment process to reflect the amount of revenue earned by providing goods or services over time to customers who will pay in the future.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company assets.
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