The excess of sales over the cost of the inventory that was sold
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Q136: The excess of assets over the liabilities
Q137: A business organized as a separate legal
Q138: The accounting convention of _ means selecting
Q139: The ownership claim arising from funds invested
Q140: _ are increased with debits.
A)Assets and revenues
B)Liabilities
Q142: Recognizes the impact of transactions on the
Q143: Increases in ownership claims arising from the
Q144: A process of accounting where revenue and
Q145: Collections from customers that companies receive and
Q146: To accumulate a receivable or payable during
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