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Mcgreal Incorporated has provided the following data concerning its overhead variances for the most recent period: The total of the overhead variances is:
Changes in Equity
Adjustments in a company’s equity during a specific period due to factors like earnings, dividends, or changes in share capital.
Total Assets
Total Assets refer to the sum of all current and non-current assets owned by a company, representing its resources with economic value.
Canada Revenue Agency
The federal agency responsible for the administration of tax laws for the Government of Canada, as well as for various social and economic benefit and incentive programs.
Basic Accounting Equation
An equation representing the relationship between a company's assets, liabilities, and equity (Assets = Liabilities + Equity).
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