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A defensive realist believes:
Journal Entry
A record in the books of accounts that represents a business transaction, including information like date, accounts affected, and amounts.
Net Income
The total earnings of a company, calculated as revenue minus expenses, taxes, and costs.
Revenues
The total amount of money received by a company for goods sold or services provided during a specific period.
Expenses
Economic costs that a business incurs through its operations to earn revenue.
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