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In order to continue its operations,in the long-run a firm must
Adjustment Columns
Refers to columns in a worksheet or financial statement used to record adjustments to certain accounts before preparing the final financial statements.
Long-Term Asset
Assets that are expected to provide economic benefits beyond one year, such as equipment, real estate, and intellectual property.
Discounting
The process of determining the present value of a payment or a stream of payments that will be received in the future.
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