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The ______ specifically forbade every contract, combination, or conspiracy to restrain free and open trade.
Permanent Account Balances
Permanent account balances are those balances in accounts that are carried over into the next accounting period, including assets, liabilities, and equity accounts.
Post-closing Trial Balance
A listing of all permanent accounts and their balances after closing entries have been made, serving as a check to ensure that debits equal credits.
Accounting Period
A specific time frame for which financial information is reported, usually a fiscal year or quarter.
Accounting Cycle
The complete set of accounting procedures from recording transactions to preparing financial statements within a specific period.
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