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What was the first US company to receive the Deming Prize?
Inventory
The total amount of goods held by a company for the purpose of resale or production.
Adjusting Journal Entry
An accounting record made to amend the preliminary financial statements towards the accrual basis of accounting, ensuring all revenues and expenses are recorded in the correct period.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life.
Assets
Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.
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