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While researching her persuasive speech convincing her audience to donate money to a charity that provides food and other necessities to children who live in poverty, Liz discovered that the charity recently admitted that their chief administrator embezzled money that was donated to the organization for his own personal gain. Liz does not have an obligation to tell her audience this information as long as the charity helps people.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net profit or loss.
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