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Income Tax Expense
Income tax expense represents the amount of money a company expects to pay in taxes based on its taxable income for the current fiscal year.
Comparative Balance Sheets
Financial statements that present the financial position of a company at different points in time, side by side, for comparison.
Net Income
The total profit remaining after all expenses, taxes, and costs have been subtracted from total revenue, indicating the financial performance of a company over a specified period.
Cash Flows
This term describes the total amount of money being transferred into and out of a business, particularly in terms of liquid assets.
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