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Studies of identical twins have
Annual Amortization
The systematic reduction of the cost (or other basis) of an intangible asset over a specified time period.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders.
Initial Value Method
A method of accounting in which an investment is initially recorded at its cost without adjusting for changes in the market value over time.
Net Income
The conclusive profit of a corporation once revenue has had taxes and expenses subtracted from it.
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