Describe the 2017 Report by the National Student Clearinghouse Research

question 55

Essay

Describe the 2017 report by the National Student Clearinghouse Research Center, which examined data on graduation rates for part-time and full-time college students who had begun two-year or four-year college programs in fall 2010. How did this report make clear the many consequences of racial inequalities?

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Definitions:

Adjusting Entry

An accounting record made to update the book balances to reflect the true financial status before preparing financial statements.

Biweekly Salaries

A payment schedule for employees where wages are paid every two weeks, resulting in 26 pay periods in a year.

Adjusting Entry

An update to the books of accounts to allocate incomes and expenses to the appropriate accounting period.

Fiscal Period

Refers to any period used for accounting purposes, typically a year, which can either align with the calendar year or be a different 12-month period.