Examlex
Which statement about the Industrial Revolution is true?
Net Income
Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue.
Hedge Accounting
Accounting techniques that modify the standard rules of accounting to recognize the offsetting effects on the financial statements of both the hedged item and the hedging instrument.
Mandatory
Required or obligatory; something that must be done or adhered to.
Optional
Referring to a choice or discretion available in a process or decision, where participation or selection is not mandatory.
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