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Growth and development affect:
Beginning Inventory
The inventory value ready for sale at the onset of an accounting cycle.
Reported Net Income
The profit or loss of a company after all expenses have been deducted from revenues, as presented in financial statements.
Accrued Payroll Liabilities
Obligations for salaries and wages that have been incurred but not yet paid to employees.
Retained Earnings
The portion of net income that is not distributed as dividends to shareholders, but retained by the company for reinvestment in its operations.
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