Examlex
What creates a way for a company to recover and restore partially or completely interrupted critical functions within a predetermined time after a disaster or extended disruption?
Income Summary
An account in the ledger that is used to gather all temporary accounts during the closing process, to transfer their balances to permanent accounts.
Retained Earnings
The portion of net earnings not paid out as dividends but retained by the company to reinvest in its core business or to pay debt.
Balance Sheet
A business statement that consolidates the assets, debts, and shareholder equity of a company at a certain point.
Net Income
The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.
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