Examlex
Select the letter of the correct order for each set of details or sentences.
-The male peacock is perhaps nature's most beautiful and magnificent bird. (1) _____ black-and-white striped face
(2) _____regal, brilliant blue head crowned by a crest
(3) _____ long, sweeping tail feathers of iridescent green and gold ornamented with eye-like marks of blue
(4) _____ long, elegant neck and breast
(5) _____ plump brown body and brown wings
Contra Asset
An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.
Liabilities
Liabilities represent financial obligations or debts that a company owes to external parties, such as loans and accounts payable.
Fixed Assets
Tangible assets, such as buildings, machinery, and equipment, used in the operations of a business that are not intended for sale.
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