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The immune system evolved to protect us against infections from pathogenic microorganisms. However, immune responses can also cause, rather than prevent disease. Give two examples of situations in which an immune response causes a disease, whereas the absence of a response has no consequences.
Adjusting Entries
End-of-period accounting insertions to correctly allocate revenues and costs to the specific timeframe in which they occurred.
Prepaid Expenses
Prepaid Expenses are future expenses that have been paid in advance and are recorded as assets on a balance sheet until they are realized as an expense.
Unearned Revenues
Money received by a business for services or goods not yet delivered or rendered to the customer.
Profit Margin
A financial metric that measures the amount by which revenue from sales exceeds costs in a business, expressed as a percentage of revenue.
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