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George is going to a therapist who has asked him to keep a journal of his thoughts in order to assess the basis for his negative outlook and then help him change these self-defeating thought patterns. George is probably seeing a __________ therapist.
External Transactions
Financial transactions that involve parties outside of the company, impacting the company's financial statements.
Accrual Basis Accounting
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is received or paid.
Adjusting Entry
An accounting record made to update the financial statements to reflect income earned or expenses incurred but not yet recorded.
Employee Wages
Payment given to workers for their services, usually determined by the hour, day, or work completed.
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