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The reinforcement theory says that people are motivated
Financial Statement
Reports that provide information about a company's financial condition, performance, and cash flows, including balance sheets, income statements, and more.
Permanent/Temporary
Classification of accounts; permanent accounts are balance sheet accounts that carry their ending balances into the next accounting period, while temporary accounts are closed and zeroed out at the end of each period.
Normal Balance
The side (debit or credit) on which increases are recorded in an account, based on the type of account.
Financial Statement
Reports that present the financial performance, position, and cash flows of a business for a specified period.
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