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Accounts that are used to describe assets,liabilities,and equity,that are not closed as long as the company continues to own the assets,owe the liabilities,or have equity,and whose balances appear on the balance sheet are called:
Deterrence
An approach to punishment that relies on the threat of harsh penalties to discourage people from committing crimes.
Future Crimes
Acts that are considered illegal or immoral that are predicted to occur based on current trends or technological advancements.
Norm Violations
Actions or behaviors that transgress accepted societal rules or standards, often leading to social sanction.
Codified Into Law
The process of transforming ideas, principles, or guidelines into formal legal statutes.
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