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Which of the following is not considered one of the characteristics of life?
Income Statement
A financial report that shows a company's revenues, expenses, and profit or loss over a specific period of time.
Owner's Equity Statement
A financial document showing the starting balance, additions and subtractions, and the ending balance of the owner’s equity account.
Freight-In
The cost associated with transporting goods into a business from suppliers, considered part of the cost of purchasing inventory.
Income Statement
A financial statement that shows the company's revenue and expenses over a specific period, resulting in net profit or loss.
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