IN THE BLACK Definition

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IN THE BLACK means making money; the opposite of "in the red."

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VALUATION is the act or process of determining the value of a business, business ownership interest, security, or intangible asset.

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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