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Which of the following is in the correct order of standard state entropy? I.Diamond graphite
II.Liquid water solid water
III.NH3 H2
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It indicates the company's financial performance over a specified period.
Owned Subsidiary
A company whose majority of shares is held by another company, making it controlled by the parent company.
Intra-entity Gross Profit
Profits arising from transactions within the same entity, requiring elimination during the consolidation process to avoid overstatement of revenues.
Consolidation Process
The method by which a parent company combines its financial statements with those of its subsidiaries to produce a single set of financial statements representing the entire group of companies.
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