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If Earth's axis were tilted at 30°, the daylight hours in Washington, D.C., in June would
Common Stock Account
An equity account that represents the amount of shares owned by shareholders in a corporation.
Temporary Accounts
Accounts used to record transactions for only a single accounting period, which are then reset or closed at the period's end, such as revenues, expenses, and dividends.
Supplies
Items used in the operation of a business that are not directly related to the production of goods or services, such as office supplies.
Prepaid Expenses
Payments made in advance for goods or services that will be received in the future.
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