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Adults should immediately____________________ behavior that is harmful or unfair.
Adjusted Trial Balance
A listing of all company accounts that will appear on the financial statements after year-end adjustments are made.
Income Statement
A financial statement that provides a summary of a company's revenues, expenses, and profits/losses over a specific period of time.
Balance Sheet
A financial statement that presents a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.
Temporary Accounts
Accounts that are used to collect balances over a single accounting period, which are then reset by transferring the balance to a permanent account, including revenue, expense, and dividends accounts.
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