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Accounts Receivable
Accounts Receivable are amounts owed by customers to another entity in exchange for goods or services that have been delivered or used, but not yet paid for.
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Asked 7/17/2016 10:01:21 PM
Updated 7/18/2016 3:02:58 AM
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This answer has been confirmed as correct and helpful.
Edited by selymi [7/18/2016 3:02:56 AM], Confirmed by selymi [7/18/2016 3:02:58 AM]
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A net loss will result during a time period when
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Not Answered
Updated 7/16/2016 8:24:50 PM
1 Answer/Comment
A net loss will result during a time period when expenses exceed the income or total revenue.

Added 7/16/2016 8:24:50 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/18/2016 7:30:04 AM]
The body of theory underlying accounting is not based on
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Updated 3/14/2018 10:25:48 AM
1 Answer/Comment
The body of theory underlying accounting is not based on physical laws of nature.
Added 3/14/2018 10:25:48 AM
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When three or more accounts are required in one journal entry, the entry is referred to as a
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Updated 7/19/2016 3:09:43 AM
1 Answer/Comment
When three or more accounts are required in one journal entry, the entry is known as a compound entry.
Added 7/19/2016 3:09:43 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/19/2016 1:22:51 PM], Rated good by yumdrea
The fair value principle is applied for
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Updated 7/19/2016 4:18:35 AM
1 Answer/Comment
The fair value principle is applied for asset valuation.

Added 7/19/2016 4:18:35 AM
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Confirmed by jeifunk [7/19/2016 10:22:47 AM], Rated good by jeifunk
A business organized as a corporation
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Updated 7/19/2016 4:17:00 AM
1 Answer/Comment
A business organized as a corporation is owned by its stockholders.


Added 7/19/2016 4:17:00 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/19/2016 10:27:39 AM]
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