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__________ suggests that organizations can choose to purchase the goods or services they need in the competitive marketplace or make those goods and services internally.
Financial Statements
Written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.
Journalized
The act of recording transactions in a company's journal as part of the accounting process.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, reflected as an expense in the income statement.
Notes Payable
A liability account listing amounts owed by a company from formal written promises to pay a certain amount in the future.
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