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	accounting
	The accrual basis of accounting measurement recognizes revenues when resources are created as part of an organization’s operating activities. ... Period costs are reported as expenses in external accounting reports in the period in which they occur (in other words, the period benefiting from the cost). Periodic measurement occurs when the accounting system measures and reports the performance of an organization for particular fiscal periods so that decisions can be made using timely information. Approximate Word count = 359 Approximate Pages = 1.4 (250 words per page double spaced)

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