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Opportunity cost is defined as
Permanent Account
An account in the general ledger that carries its ending balance over to the next accounting period, such as assets, liabilities, and equity accounts.
Balance Sheet Accounts
Accounts that appear on the balance sheet, representing the company's assets, liabilities, and shareholders' equity at a specific point in time.
Mortgage Payable
A liability account that records the amount owed on a long-term property loan.
Accounts Payable
An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.
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