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When Mark was describing his dream, he stopped at one point, seemed a bit upset, and then told the therapist that he could not remember any more and said, "Besides, this dream analysis is really silly anyway." Mark was exhibiting _____, and it will be up to the psychologist to help Mark deal with these thoughts he is not willing to talk about.
Accrued Sales Revenue
Revenue that has been earned but not yet received in cash or recorded by the accounting department.
Adjusting Entries
Financial records entered at the termination of an accounting period, aimed at allocating profits and outlays to the correct period.
Pretax Income
The income earned by a company before deducting taxes, representing the company's profitability after all expenses except taxes.
Accrued Expenses
Liabilities (payables) created when expenses are incurred, but cash will be paid in the future; created at end of period during the adjustment process to reflect the amount of expense incurred that the company will pay in the future.
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