Examlex
Faced with evidence that seems to contradict a hoped-for finding, people may object to a study's methodology. This is an example of the fallacy of positive instances.
Service Revenue
Income earned by a company for the services it has provided to customers.
Adjusting Entry
Accounting records produced at the conclusion of a financial period to distribute earnings and expenditures to the timeframe in which they were genuinely incurred.
Accrued Expense
An expense that has been incurred but not yet paid, leading to a liability on the balance sheet.
Net Income
The final earnings tally for a company after subtracting all costs and tax charges from its revenue total.
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