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Trey wants to play basketball in a local league. He and his mom sit down and discuss what grades he will have to maintain in order to play on the basketball team. They also agree on what the consequences will be if Trey does not maintain his grades. Trey's mom is most likely a(n) ____ parent.
Cumulative Effect
The total change in financial statement results over a period of time due to an accounting principle change or correction of an error.
Straight-Line Method
A method of allocating the cost of an asset evenly over its useful life.
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