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Contract law is based on which of the following?
Net Income
The amount of profit a company holds onto after all expenditures and taxes have been taken out of its revenue.
Retained Earnings
The portion of a company's profit that is held back and not distributed to shareholders as dividends.
Net Sales
This is the revenue from all sales of goods and services less returns, allowances for damaged or missing goods, and discounts.
Cost of Goods SOLD
Expenses directly associated with the creation of goods a company sells, including costs for materials and labor.
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