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Solve the system of nonlinear equations by the addition method.
Net Income
The remaining earnings of a company following the deduction of all expenses and taxes from its total revenues.
Net Sales
This represents the amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.
Prepaid Expenses
Payments made in advance for goods or services, which are recognized as expenses over time as the benefits are received.
Adjusting Entries
Financial records generated at the end of a bookkeeping period to allocate receipts and disbursements to the time in which they actually occurred.
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