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The Two Basic Kinds of Inequity Are___________

question 100

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The two basic kinds of inequity are___________ .


Definitions:

Recorded

The action of entering or documenting information in a formal record or accounting system for future reference or analysis.

Trading Securities

Financial assets such as stocks or bonds, bought and held primarily for the purpose of selling them in the near term to profit from price changes.

Financial Statements

Documents that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Fair Market Value

The price at which an asset or service would exchange between a willing buyer and seller, not under duress, in an open and competitive market.

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