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Mr.Darnell walks around the classroom monitoring students as they work on the new skill of adding fractions.He stops at Ada's desk and praises her effort and persistence.Ada has been struggling to understand fractions,but is using the manipulatives to try to get the right answers.Her answer is wrong,but her explanation of her process is on target.Why does Mr.Darnell praise Ada even though her answer is wrong?
Accrued Interest
The interest that has been earned but not yet paid, accumulating on loans or bonds over a period of time.
Prepaid Insurance
A type of prepaid item representing insurance coverage paid for upfront before the coverage period begins.
Office Supplies
Office supplies include items used in offices on a regular basis for tasks or maintenance, like paper, pens, and cleaning products.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the correct period.
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