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Which one of these is NOT part of the scientific method?
Closing Entries
Closing entries are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.
Dividends Account
An account used in bookkeeping that tracks dividends declared by a company to be paid out to its shareholders.
Temporary Account
An account used to collect balances over an accounting period that are then transferred to a permanent account.
Stockholders' Equity
The remaining interest in a company's assets after all liabilities are subtracted, indicating ownership.
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