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Which of the following would be the most effective review in a formal report?
Financial Statement
A certified summary of all financial dealings and the fiscal posture of a business entity, a private individual, or any other party.
Contra-Asset Accounts
Accounts on a balance sheet that have a balance opposite to the normal balance of an associated account, used to lower the value of the associated assets (e.g., accumulated depreciation).
Sales Discounts
A reduction in the price of goods or services sold, offered by the seller as an incentive to buyers.
Cash Flow
The net amount of cash and cash-equivalents being transferred into and out of a business.
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