Examlex
All of the following statements are true about the process of coding in qualitative data analysis EXCEPT:
Closing Entry
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts for the next period.
Revenue and Expense Account Balances
Represents the amounts recorded in the financial statements for income earned and costs incurred by a company during a reporting period.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate revenue and expenses to the correct periods.
Earnings Per Share
A financial metric calculated by dividing the net earnings available to common shareholders by the average outstanding shares.
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