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Jared downloads some video games from the Internet.There is a page indicating the terms of use,but nothing that requires Jared to affirmatively indicate his consent before downloading the games.These terms are
Prepaid Expense
Expenses paid in advance for goods or services, which are recorded as an asset until the service is consumed or the good is used.
Insurance Policy
A contract between the insurer and the policyholder specifying the terms under which the insurer agrees to compensate the policyholder for loss.
One Year
A period of time consisting of 12 months or 365 days, used as a standard measurement of time for financial, contractual, and planning purposes.
Fiscal Year
A one-year period that companies use for accounting and financial reporting, which may or may not align with the calendar year.
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