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The Emancipation Proclamation changed the legal status of slaves:
Understatement
An error or omission that causes the reported amount or value of an asset, liability, income, or expense to be lower than the true amount.
Net Income
The company's residual income following the deduction of all expenses and taxes from its total revenue.
Cash Flow
A financial metric that measures the net amount of cash and cash equivalents being transferred into and out of a business.
Operating Activities
Financial transactions and events that affect the operational aspect of a company, including cash flows from operations.
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