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Fill in the blank with the appropriate symbol. -16 ______ -21

Calculate: -7 – 9

Two bonus points. What is a major benefit of the accrual method of accounting? 

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The rent paid for future months is a(n)

Examples of assets are

Using the accounting equation, complete the following statement. If Assets = $48,000 and Liabilities = $21,000, what is the amount of Owner’s Equity?  (Do not include a dollar sign ($) nor a comma (,) in your answer.)

When supplies are purchased for cash,

Amounts that a business must pay in the future are known as