Coding Involves Two Simultaneous Activities.What Are They

question 15

Multiple Choice

Coding involves two simultaneous activities.What are they?

• A)Analytical data categorization and grounded theory construction
• B)Selective data elimination and analytical data sorting
• C)Systematic data collection and creative data integration
• D)Mechanical data reduction and analytical data categorization
• E)Pragmatic data distillation and organic data reconstruction

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenues and expenses for a specific accounting period before transferring the net income to retained earnings.

Net Income

Final earnings of a corporation post deductions of expenses and taxes from its aggregate revenue.

Revenues

Income generated from normal business operations, including sales of goods and services, fees, commissions, and other sources.

Expenses

Costs incurred in the process of earning revenue, encompassing a broad range of spending from operational to administrative.