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Explain how collecting and interpreting one's dreams can promote self-awareness, and describe the procedure outlined in your textbook for "catching a dream."
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Variable Costing
An accounting method that includes only variable production costs (materials, labor, and variable overhead) in product cost calculations, excluding fixed overhead.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Income Statement
A financial statement showing the revenue, expenses, and profit or loss of a company over a specific period.
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