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Jasmine is always complaining that she doesn't like the way she looks.She tells her friend Amber that she thinks her thighs are too big and that she feels fat.Amber assures Jasmine that she isn't fat,but Jasmine won't listen.It is likely that Jasmine may be suffering from
Prepaid Expense
Expenses paid in advance for goods or services to be received in the future, recorded as assets on the balance sheet until they are actually consumed.
Insurance Expense
The cost recognized in the accounting period related to the premiums paid for insurance policies.
Retained Earnings
Profits that a company keeps after dividends are paid to shareholders, used for reinvestment in the business or to pay off debt.
Closing Entry
A closing entry is an accounting procedure used at the end of an accounting period to transfer the balances from temporary accounts to permanent ones, thus preparing the accounts for the next period.
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