Examlex
Divide:
Accrued Expense
Expenses that have been incurred but not yet paid or recorded in the financial statements, reflecting obligations that a business has taken on.
Net Income
The total revenue of a company minus all expenses and taxes; a measure of the company's profitability over a specific time period.
Liabilities
Financial obligations or debts that a company owes to others, reflected on the balance sheet.
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