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Accounting Ratios

Adjustment Entry

_________ is defined as the reduction in the value of a product arising from the passage of time due to use or abuse, wear and tear.

Which of the following is NOT a method of depreciation?

Money owed to a business by its clients and shown on its balance sheet as an asset is called __________.

Accounts receivable, also known as ___________.

The person to whom the note is payable is called________.

___________= Principal + Interest.

Net Realizable Value = ____________-Estimated Cost of Completion and Disposal