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What is the crossover rate for these two projects?
M. Sims Capital
An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.
Income Summary
An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.
Net Income
The total profit of a business after all expenses and taxes have been deducted from total revenue.
Owner's Capital
The amount of equity a business owner has invested in the business minus any withdrawals made from the business by the owner.
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