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Which account appears on the After-Closing Trial Balance?
Contract
A legally binding agreement between two or more parties that defines and governs the rights and duties of the parties to the agreement.
S&P 500 Index
An American stock market index based on the market capitalizations of 500 large companies listed on stock exchanges in the United States.
Futures Contract
A formal contract that obligates a purchase or sale of an item at an agreed price on a future date.
Settle Price
The settle price is the final price at which a futures contract is settled upon expiration or closing.
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