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Bryson Services,Inc.performed accounting services for a client in December.A bill was mailed to the client on December 30.The company received a check by mail on January 5.Which of the following accounts should appear on the balance sheet as of December 31 as related to the services performed?
Private Markets
Markets where transactions occur between private entities without significant government intervention, focusing on the exchange of goods and services among individuals and businesses.
Marginal Social Benefit
The additional benefit to society as a whole from increasing the output of a good by one unit.
Private Cost
The costs directly incurred by those who are producing or consuming goods or services.
Marginal Social Benefit
The additional gain to society as a whole from an extra unit of production.
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