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A firm that is the sole seller of a product without close substitutes is
Financial Statement
A summary report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.
Accounts
Records that summarize financial transactions pertaining to a business entity’s assets, liabilities, equity, revenues, and expenses.
Increases and Decreases
Terms used to describe the upward and downward movements in financial and non-financial metrics within business operations.
T Account
The simplest form of an account.
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