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_____ do not make law nor do their judges think themselves obligated to follow prior judicial decisions called precedents.
Physical Inventory
An actual count of all the goods on hand at the end of an accounting period.
Single-Step Income Statement
A simplified financial statement format that calculates net income by subtracting total expenses from total revenues in one step.
Statement of Stockholders' Equity
A financial document that shows changes in the equity section of a company's balance sheet, including stock transactions and retained earnings.
Fiscal Year
A one-year period used for financial reporting and budgeting purposes, which doesn't necessarily align with the calendar year.
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