________ Occur When the Actions of One Individual (Or Group

question 34

Short Answer

________ occur when the actions of one individual (or group of individuals)affect another individual's well-being,but the relevant costs (or benefits)are not reflected in market prices.

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Definitions:

QBO COA

QuickBooks Online Chart of Accounts is a list categorizing the financial transactions recorded in a company's accounting system.

Tax Return Preparation

The process of organizing and filing income and other taxes with the appropriate government agency.

Authorized Users

Individuals who are officially permitted to access specific systems, data, or information.

Sub-accounts

These are divisions or extensions of primary accounts used to separate and categorize financial data for detailed tracking and reporting.