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Income Statement
A report detailing a business's income, expenditures, and net earnings or losses for a given time frame.
Adjusted Trial Balance
is a list of all accounts and their balances after making adjustments, used to verify the equality of debits and credits.
Net Income
The income a company retains following the subtraction of all costs and taxes from its total revenue.
Income Statement
A financial statement that shows a company’s revenues and expenses over a specific period, ending with net income or loss.
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