ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ADJUSTING ENTRIES Definition
ADJUSTING ENTRIES are special accounting entries that must be made when you close the books at the end of an accounting period. Adjusting entries are necessary to update your accounts for items that are not recorded in your daily transactions.
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WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.
EATING STOCK is when an underwriter can't find buyers for a stock and therefore has to buy them for his own account.