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Binet would probably have been skeptical about all of the following developments in intelligence testing except:
Balance Sheet
A financial statement that provides a snapshot of a company’s financial position, listing assets, liabilities, and equity at a specific point in time.
Prior Period Adjustments
Prior period adjustments are corrections made to an entity's reported financial information to amend errors or omissions from previous reporting periods.
Income Tax Effects
The impact of tax policies and rates on the income of individuals and businesses, affecting net income and financial planning.
Statement of Retained Earnings
A financial statement that outlines the changes in retained earnings for a specific period, including net income earned or loss and dividends paid.
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