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The Letter C Can Sound Like a K as in "Candy

question 165

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The letter c can sound like a k as in "candy," or like s as in "city." This proves that:


Definitions:

Notes Payable

Short-term or long-term liabilities representing borrowed funds that must be repaid to the creditor, typically with interest.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, often related to loans or credit.

Journal Entry

A record in the accounting journals that details a financial transaction and its effect on account balances.

FICA Social Security

A U.S. government program funded through payroll taxes that provides benefits to retirees, disabled individuals, and survivors.

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