Accounting Terminology Listed Below Are Nine Technical Accounting Terms Emphasized in This

question 13

Essay

Accounting terminology
Listed below are nine technical accounting terms emphasized in this chapter: Each of the following statements may (or may not)describe one of these technical terms.In the space provided below each statement,indicate the accounting term described,or answer "None" if the statement does not correctly describe any of the terms.
______ (a.)An account with a credit balance that is an offset against an asset account.
______ (b.)A contra-account.
______ (c.)A liability to customers who have paid in advance.
______ (d.)The estimated current value of an asset.
______ (e.)Entries made to achieve the goals of accrual accounting when revenue or expense transactions span more than one accounting period.
______ (f.)An asset that will expire shortly.
______ (g.)Revenue that has been earned,but not yet received.

Identify key regions where the United States pursued imperialistic policies in the late nineteeth and early twentieth centuries.

Understand the diplomatic preferences of the U.S. government regarding the appointment of black ministers in foreign countries.

Recognize the racial tensions and violence in northern cities during the early twentieth century.

Identify significant acquisitions in U.S. imperialism.

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Definitions:

Long Run

A period of time in which all factors in a production process can be varied, allowing for the adjustment to changes in market or economic conditions.

Economic Power

The ability of an entity or country to influence or control economic activities, including production, trade, and consumption.

Political Power

Political power is the capacity or ability of a political entity, such as a state or government, to control or influence the behavior of individuals and organizations within a society.

Natural Monopolies

Industries where a single firm can supply a good or service to an entire market at a lower cost than would be possible if there were multiple firms.