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According to the principle of natural selection, genetic variations become more common over time if they are adaptive in a particular environment.
Primary Financial Statements
Critical financial documents including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity, which provide an overview of a company's financial health.
Income Statement
A financial statement that shows a company's revenue and expenses over a specific period, culminating in the net profit or loss.
Balance Sheet
A financial statement that gives a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.
Excess of Revenue
The amount by which revenue exceeds the expenses in a given period, indicating profit.
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