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A/An ____ is a flat,persistent,dark red birthmark made of pigmented cells.
Fair Market Value
An estimate of the price at which an asset would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Cost
The amount of money or resources expended in order to obtain an item or service.
Monetary Unit Assumption
An accounting principle that assumes transactions and events can be represented in monetary units or currency.
Economic Entity Assumption
An accounting principle that treats a company as a separate entity from its owners for financial reporting purposes.
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