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After twelve years of attending the same schools,Holly and Amy chose to attend colleges in different states.Holly remembered Amy as a shy but friendly girl who rarely took risks,and so Holly was surprised when her friend sent an e-mail describing the thrill of sky-diving.Holly's surprise occurred because Amy's behaviors don't match the _______________ that Holly had observed in high school.
Balance Sheet
A document detailing a business's financial status at a given moment, listing the company's resources, debts, and owner's equity.
Adjusting Entries
Adjusting entries are journal entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Routine Entry
Regular, often daily, accounting entries that reflect standard business transactions.
Accrued
Describes expenses or revenues that have been incurred but not yet recorded through a payment or receipt, reflecting in accounts payable or receivable.
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