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Trends viewed as particularly important in a specific community,industry,or sector are carefully monitored,watched,and reported to key decision makers is known as trend _____________.
Accumulated Depreciation
The cumulative amount of depreciation expense recorded for an asset from the time of its acquisition.
Contra Asset
An account on a company's balance sheet that reduces the value of a related asset, such as accumulated depreciation.
Expense Account
An account that records the costs incurred by a business in the process of earning revenue, part of the company's income statement.
Adjusting Entry
A record added in the books at the closing of an accounting cycle to note any unrecorded earnings or expenditures during that time.
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