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What are believed to be the evolutionary ancestors of mitochondria?
Net Income
The total revenue of a company minus its expenses, taxes, and costs, representing the company's profit.
Adjustment
A financial transaction that corrects or updates the accounting records, often made at the end of an accounting period to ensure accuracy.
Prepaid Rent
An accounting term that refers to rent payments made in advance of the rental period to which it relates, classified as a current asset on the balance sheet.
Adjusting Entries
Bookkeeping entries executed at the termination of an accounting period to apportion profits and costs to the era in which they effectively took place.
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