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The ____ helps hold a tooth in its socket.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the books for the next period.
Retained Earnings
The portion of net income left over after dividends are paid out to shareholders, reinvested into the company's operations.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.
Total Revenues
The total amount of income generated by a business from its normal business operations, including sales of goods or services, before any expenses are deducted.
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