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During a conversation between an adolescent and parent,the parent decides that he is no longer interested in the topic being discussed and ceases to listen to the adolescent,stating,"I'm not interested anymore,change the subject or I am not going to carry on with this discussion." This is an example of
Unadjusted Trial Balance
A financial report that shows the balances of all accounts, including assets, liabilities, equity, income, and expenses before any adjustments are made for the accounting period.
Bad Debts Expense
An expense reported on the income statement reflecting the cost of accounts receivable that a company does not expect to collect.
Factoring Fee Expense
A cost incurred by a business when it sells its accounts receivable to a third party (the factor) at a discount.
Accounts Receivable
Funds that clients or customers owe to a company for products or services that have been provided but not yet compensated for.
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