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Accounting 2 Chapter 14 Vocabulary Study Guide

AB
budgetA written financial plan of a business for a specific period of time, expressed in dollars
budget periodThe length of time covered by a budget
budgetingPlanning the financial operations of a business
comparative income statementAn income statement containing sales, cost, and expense information for two or more years
performance reportA report showing a comparison of projected and actual ammounts for a specific period of time



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