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Which of the following is not true regarding balanced scorecard measures?
Sales On Account
Revenue generated from customers who purchase goods or services on credit, to be paid at a later date.
Cost Of Goods Sold
Expenses specifically arising from the production of the merchandise a business sells, such as labor and materials.
Acid-Test Ratio
A liquidity ratio that measures a company's ability to pay off its current liabilities with its quick assets without needing to sell inventory.
Balance Sheet
A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of the firm's financial condition.
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