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Summary The term Accumulated Funds means the same as? * • Amounts gained as surplus for the y $7.99   Add to cart
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Summary The term Accumulated Funds means the same as? * • Amounts gained as surplus for the y
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The term Accumulated Funds means the same asThe term Accumulated Funds means the same as? * • Amounts gained as surplus for the year The net amount for the owners' equity Excessive cash at the end of the year • Funds reserved for future business useAnswer & ExplanationThe term "Ac...

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  • October 13, 2024
  • 3
  • 2024/2025
  • Summary

Subjects

  • donations
  • expansion
  • the term accumulated funds means the same asïthe
  • or any other sources of income they are typicall
  • or to cover unexpected costsheres a step by ste
  • donations or other sources2after c

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The term Accumulated Funds means the same as? * • Amounts gained as

surplus for the year The net amount for the owners' equity Excessive cash at the

end of the year • Funds reserved for future business use




Answer & Explanation


The term "Accumulated Funds" is most closely related to "Funds reserved for

future business use".


Accumulated funds refer to the total capital that a company or organization has

generated over time and has set aside for future use. These funds can be

generated through profits, donations, or any other sources of income. They are

typically used for future investments, expansion, or to cover unexpected costs.


Here's a step-by-step explanation:


1. A company or organization generates income through its operations,

donations, or other sources.

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