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Financial Statements
Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement, among others.
Net Income
The total profit or loss of a company after all revenues, costs, and expenses have been accounted for.
Bad Debt Expense
An estimated expense recognized by businesses for accounts receivable that are considered unlikely to be collected.
Salvage Value
The projected value of an asset when it reaches the end of its operational lifespan.
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