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The first author to illustrate the increasing feeling of anxiety in the United States after World War II was
Expense
Money spent or cost incurred in an entity's efforts to generate revenue.
Asset
Resources owned by a business or individual that have economic value or future benefit.
Liability Account
A liability account records the obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.
Asset Account
An account on a company's balance sheet that represents a resource with economic value owned or controlled with the expectation that it will provide future benefit.
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