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Amy is a student who is unable to memorize her multiplication tables. Despite her teacher's interventions she is not making progress. After a referral was initiated, a multidisciplinary assessment was used to determine Amy's eligibility and education need. The next phase would be to
Net Income
The total profit of a company after all expenses, including taxes, have been deducted from revenues.
Closing Entries
These are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, hence preparing the books for the next period.
Revenue Accounts
Accounts used to record the income generated from the sale of goods or services in the normal course of business.
Expense Accounts
Accounts in financial accounting that track the costs of operating a business, including costs for materials, labor, and overhead.
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