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Because he repeatedly skipped school and committed status offenses,Joseph was forced to participate in a court-ordered intervention program when he was a juvenile.As an adult,Joseph says that if he had not received the intervention,he probably would be in prison by now.Interestingly,some of Joseph's friends,who also behaved badly but did not participate in the intervention program,did not end up in prison.Psychologists call this
Adjusting Journal Entry
Entries made in accounting records at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Expected Life
The estimated duration over which an asset is anticipated to be usable for its intended purpose, often affecting depreciation calculations.
Accrued Salaries
Salaries that have been incurred but not yet paid, representing a liability for the employer.
Salaries Expense
An expense recorded to represent wages or salaries paid to employees.
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