Examlex
You have a family member who was unfortunately seriously injured in a train accident. Your friend understands that there might be the possibility of a class action lawsuit against the train company. She asks you to explain the process of a class action and what the advantages of class actions are versus individual lawsuits.
Services Provided
The activities or functions performed by a business or organization for the benefit of its customers, which do not result in the ownership of a physical product.
Biweekly Salaries
Payments made to employees every two weeks, totaling 26 pay periods in a year.
Fiscal Period
A specific time frame used for financial reporting and budgeting, often synonymous with a fiscal year, but can refer to any defined accounting period.
Adjusting Entry
An entry made in the accounting journals at the end of an accounting period to allocate income and expenditure to the appropriate period.
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