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Why are the deposits of streams graded with the largest boulders or pebbles at the bottom?
LIFO
LIFO stands for "Last In, First Out," a method used in inventory management and accounting where the most recently produced items are recorded as sold first.
Income Tax Expense
The cost associated with income taxes due to a government, calculated based on taxable income.
Cash Flows
The total amount of money being transferred into and out of a business, particularly in relation to its operating, investing, and financing activities.
Net Income
The ultimate profit of a firm calculated by subtracting all outgoings and taxation from the gross revenue.
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