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Cash Sales
Transactions in which payment is made in cash at the time of sale, rather than on credit.
MasterCard
A global financial services corporation that processes payments between banks of merchants and the card issuing banks for purchases made with credit and debit cards.
VISA
A global payment technology company that facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.
Multiple-Step Income Statement
A form of income statement that contains several sections, subsections, and subtotals.
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