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The power of a light bulb is 100 W on a circular disk of radius 2 mm at a distance of 1m.What is the power on a 4-mm disk at a distance of 2 m from the same bulb?
Service-Type Business
A service-type business is an entity that provides intangible products or services to customers, rather than physical goods.
Accrual-Basis Accounting
Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur.
Cash-Basis Accounting
Accounting basis in which companies record revenue when they receive cash and an expense when they pay out cash.
Revenue Recognition Principle
An accounting principle stating that revenue should be recorded when it is earned and realizable, regardless of when the cash is received.
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