Term
| A __________ has one owner |
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| The time period covered by an accounting report is called _________. |
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| A _________ has at least two owners |
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| Money invested in a business by an owner is called _________. |
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Term
| The amount of money earned over and above the amount spent to keep a business operating is called _________. |
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Term
| Businesses that spend more than they recieve operate at a _________. |
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Term
| A _________ is concerned with the process of recording and reporting financial information |
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Term
| A _________ is willing to take the risks of running a business |
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Term
| _________ is a type of accounting that focuses on reporting information to external users. |
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Term
| Generally accepted accounting principles is _________ |
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Term
| Accounting for internal users of accounting information is called _________ |
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Term
| A _________ exists independently of its owner's personal holdings |
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| A business expected to operate indefinitely is called a _________ |
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Term
| A business that buys finished products and then sells them is called a _________ |
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Term
| A business that transfroms raw materials into products is called a _________ |
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Term
| A business organization recognized by law to have a life of its own is called a _________ |
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Term
| A business organized to operate by providing professional servieces for a fee is called a _________ |
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