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Being ________ is characteristic of popular children in North America and in most other cultures around the world.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones.
Retained Earnings Account
An equity account that represents the accumulated portion of net income that a company retains after distributing dividends to shareholders.
Balance Sheet Accounts
Categories in a balance sheet including assets, liabilities, and shareholders' equity, representing a company's financial position.
Real Accounts
Accounts that are not closed at the end of the accounting period, representing ongoing financial balances in assets, liabilities, and equity.
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