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How likely is it that the "old terrorism" will be revived?
Financial Statements
Reports that summarize the financial activities of a business, including the balance sheet, income statement, and cash flow statement.
Recognized
In accounting, recognized refers to the formal acknowledgment of a financial transaction or event in the financial statements of a business.
Adjusting Entry
At the close of an accounting period, entries recorded in the financial ledgers to distribute incomes and costs to the period they genuinely happened.
Expense
Outflows or the using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity’s ongoing major operations.
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