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Competition is not necessarily diminished solely as a result of market concentration.
Journal Entry
A record of a financial transaction in the accounting books of a business or organization.
DR (Debit)
DR, or Debit, represents the left side of a general ledger account and is used to record increases in assets or expenses and decreases in liabilities, equity, and income.
CR (Credit)
An accounting entry that decreases assets or increases liabilities and equity on a company's balance sheet, reflective of the double-entry bookkeeping system.
Tax Expense
The total amount of taxes a company incurs, reflecting both current taxes due and future tax liabilities.
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