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Probation officers rely upon their authority because they have little substantive power.
Consolidated Income Statement
A financial statement that presents the combined financial results of a parent company and its subsidiaries as one single entity.
Income Tax Expense
The amount of money a company owes in taxes based on its taxable income for a given fiscal period.
Cost Method
An accounting method used for investments, where the investment is recorded at cost and earnings from the investment are recognized only when dividends are received.
Retained Earnings
The portion of a company's profit that is held or retained and not paid out as dividends to shareholders.
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