Examlex
Which of the following investments offered the highest overall return over the past fifty years?
Contra Account
An account used in the ledger to offset the balance of a related account.
Carrying Amount
The net value of an asset as recorded in the books, which is equal to the asset's original cost minus any accumulated depreciation, amortization, or impairment charges.
Write Off
The reduction of the recognized value of something, often an uncollectable debt or asset.
Accounts Receivable
Amounts due to a company from its customers for goods supplied or services rendered but not yet paid for.
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