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Non-Operating Activities
Activities and financial events that fall outside the core operations of a business, such as investment income or losses, and gains or losses from the sale of assets.
Income from Operations
Revenue generated from a company's core business operations, excluding deductions of expenses and taxes.
Net Income
The sum a company retains as earnings after all taxes and expenses have been deducted from its income.
Periodic Inventory System
A method of inventory valuation in which inventory levels and cost of goods sold are determined at the end of an accounting period.
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