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If you are standing on the equator and shoot a cannonball directly north, where would you expect it to land?
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A payment made to secure the services of a professional or consultant, typically paid upfront and used against services provided.
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Money received by a company for goods or services not yet delivered or performed, considered a liability until the service or product is delivered.
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A statement listing all accounts and their balances after adjustments, used to verify the equality of debits and credits.
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