Examlex
Chomsky's LAD is a(n) __________.
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid, as opposed to when they are incurred.
Accounts Receivable
Amounts due from customers to a business for delivered or utilized goods or services awaiting payment.
Owners' Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership stake of shareholders.
Revenue
The aggregate financial gain realized through the sale of products or services that constitute a firm's principal business activities.
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