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Separation of Businesses into More Manageable Operating Units Is Termed

question 135

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Separation of businesses into more manageable operating units is termed centralization.


Definitions:

Total Assets

The sum of all resources owned by a company, valued in monetary terms.

Deferral

A financial term referring to the postponement of the recognition of certain revenues or expenses to a later accounting period.

Journal Entries

Records of financial transactions in the accounting system that are used to transfer amounts from one account to another.

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