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In the case of a complete termination of an S corporation interest, a tax year may occur.
Bank Statement Adjustment
Adjustments made to the bank statement balance to reflect transactions that have not been recorded by the bank, ensuring the balance matches the company's records.
Company Books Adjustment
Modifications made to a company's financial records to correct errors or account for unrecorded transactions.
Interest Revenue
Income earned by a company from the interest it charges on loans or from interest-bearing investments.
Earned
A term referring to revenues or incomes that have been generated from business activities or services provided.
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