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The Articles of Confederation created a strong central government.
Liabilities Decreased
A reduction in the obligations or debts that a company owes to others, which can improve its financial position.
Retained Earnings
The residual net earnings available to the business following the payout of dividends to its investors.
Auto Repair Shop
An auto repair shop is a business establishment dedicated to the maintenance and repair of automobiles, offering services such as mechanical and electrical repair, bodywork, and routine maintenance.
Journal Entries
The recordings of financial transactions in a company's accounting system, typically including a date, description, and affected accounts.
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