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According to employment law guidelines,a manager must use only predictors which have some supporting evidence of their reliability and validity in predicting job performances.
Accumulated Depreciation
The aggregate depreciation charged against a tangible asset over its useful life to represent wear and tear.
Income Summary
An account used in the closing process that summarizes the revenues and expenses for a fiscal period, determining the net income or loss.
Owner's Capital
The total value of equity that a business owner has invested in their company, which may increase through profits or additional contributions.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle, whichever is longer.
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