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Summertime in the northern hemisphere is when
Assets
Resources owned or controlled by a company that are expected to produce future economic benefits.
Net Income
The remaining profit of a company after expenses and taxes are taken out of its revenue.
Accrued Expense
Costs that have been incurred for goods or services but have not yet been paid for or recorded in the financial statements.
Accrued Revenues
Revenues that have been earned (through the delivery of goods or services) but not yet received in cash or recorded.
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