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What determines the independence of Certified Public Accountants (CPAs)?
Trial Balance
An accounting table that aggregates all ledger balances into debit and credit columns, ensuring both totals are identical.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.
Retained Earnings
The cumulative earnings of a company that have not been distributed to shareholders as dividends, reinvested back into the company.
Unearned Revenue
Money received by a company from a customer for products or services to be delivered or performed in the future.
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