Secondary Data Analysis Is the Act of Compiling or Analyzing

question 43

True/False

Secondary data analysis is the act of compiling or analyzing data that were originally collected by someone else at another time.

---

Definitions:

Time Sheet

A document or tool used to track the number of hours worked by an employee during a specific period.

Opening Adjusting Entries

Opening adjusting entries refer to journal entries made at the beginning of an accounting period to adjust account balances from a previous period.

Capital Stock

Represents the equity or ownership sections of a corporation divided into shares.

Opening Balance Equity

An account used in accounting software to offset discrepancies when establishing opening balances during the initial setup of the financial records.