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Discuss the four key controls over notes payable.
Intangible Assets
Non-physical assets with economic value, such as patents, trademarks, copyrights, and goodwill, that are expected to provide benefits to a business over multiple periods.
Journalize
The act of recording financial transactions into the journal entries of an accounting system.
Upgrade
The process of enhancing or improving an existing system, software, or product to boost performance or add features.
Delivery Truck
A vehicle used for transporting goods from one location to another, primarily for business purposes.
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