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Nicolas has autistic disorder and is mute. A therapist working with Nicolas initially gave him a piece of chocolate any time he made a sound with his lips. This slowly changed until Nicolas only received a piece of chocolate for saying complete words, and eventually only for saying complete sentences. In this example, Nicolas developed speech skills through the use of
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after intercompany transactions have been eliminated, as presented in the consolidated financial statements.
Statement of Comprehensive Income
A financial statement that presents a company's total income and expenses, including items that have not been realized, providing a complete picture of its overall financial performance.
Goodwill Impairment
A charge that occurs when the market value of goodwill, an intangible asset, drops below its recorded value on the balance sheet, indicating diminished business value.
Discontinued Operation
A component of a business that has been sold, disposed of, or is held for sale, and is reported separately in financial statements.
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