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Managers who use the communications effects pyramid to set objectives believe that:
Balance Sheet Accounts
Represent the financial positions of assets, liabilities, and equity of a company at a specific point in time as recorded on the balance sheet.
Major Sections
Principal divisions or components within a document or framework, such as chapters in a book or sections within a financial report.
Contra Account
An account used in the general ledger to reduce the value of a related account when the two are netted together.
Balance Sheet Accounts
Accounts found on the balance sheet that include assets, liabilities, and shareholders' equity, reflecting the company's financial position at a specific point in time.
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