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When most people think of the concept "sleeping," they also tend to think about concepts like "dreaming," "being tired," and "yawning." That is, when they think about "sleeping," related concepts are ____.
Retained Earnings
The portion of net income that is not distributed as dividends to shareholders but is kept by the company for reinvestment or to pay off debt.
Ledger Accounts
Record-keeping systems that track financial transactions through debits and credits to maintain the financial health and status of an entity.
Financial Statements
Financial statements are formal records of the financial activities and position of a business, including the balance sheet, income statement, and cash flow statement.
Accruals
Accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.
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