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What was the focus of "goulash communism" in the Soviet Union as envisioned by Nikita Khrushchev?
Taxable Income
The amount of individual or corporate income upon which the tax authorities levy taxes, after all deductions and exemptions.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.
Statement of Cash Flows
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
Long-Term Capital Gains
Profits from the sale of an asset held for more than a specified period, typically taxed at a lower rate than short-term gains.
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