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Robert Rogers,CPA owns a computer used for the company's business.The matching principle would require that which of the following accounts appear on the income statement for the year ended December 31?
Surety
A person or entity that takes responsibility for another's performance of an obligation, such as repaying a loan, or for the accuracy of a statement.
Interest
The charge for borrowing money, typically a percentage of the amount lent.
Guarantor
A party that agrees to be responsible for the debt or obligation of another if the original obligor fails to meet their obligations.
Statute of Frauds
A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged.
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