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The unadjusted net income on the income statement was $64,916. After journalizing and posting the adjusting entries for expired insurance during the year of $3,400 and for supplies used during the year of $1,480, the adjusted net income is:
Mores
Social norms that are widely observed and have great moral significance within a particular society.
Taboos
Social or cultural prohibitions against certain practices, discussions, or expressions deemed unacceptable by a community.
Consumerism
The preoccupation with and inclination towards the buying of goods and services.
Ethnocentrism
The belief in the superiority of one's own ethnic group or culture, often manifesting as prejudice or bias against others.
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