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Which of the following is NOT a "limy" rock?
Net Sales
The total revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts provided to customers.
Adjusted Trial Balance
A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.
Multiple-Step Income Statement
A multiple-step income statement is a detailed financial statement that separates operating revenues and expenses from non-operating ones, showcasing a company's net income in a clear manner.
Perpetual Inventory System
A financial recording method where sales or purchases of inventory are immediately captured through the use of computerized point-of-sale systems and software for managing enterprise assets.
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