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Purchases of information processing equipment and software ________ during the 2007-2009 recession.
Understatement
A representation of financial position or results of operations that is less than what is true, factual, or proper, often leading to a misleading view of a company's financial health.
Subsidiary Ledger
A detailed ledger containing transaction information for individual accounts, which supports and provides details for a summary account in the general ledger.
Customer Accounts
Accounts maintained by businesses to record individual transactions of their customers over a period of time, tracking purchases, payments, and balances.
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