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A major advantage of object-oriented (O-O) designs is that systems analysts can save time and avoid errors by using _____ objects.
Fiscal Period
A specific time period used for accounting purposes and financial reporting, usually spanning a year, but can also be a quarter or month.
Adjusting Entry
Bookkeeping entries executed at the termination of an accounting cycle, intended to apportion income and outlays to their respective periods of occurrence.
Accrue Wages
The process of recognizing wages that have been earned by employees but have not yet been paid out by the company.
Net Income
Net income is the total profit of a company after all expenses and taxes have been deducted from revenue.
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