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What is an artesian system? What three geologic conditions must exist for an artesian system to form?
Limited Liability Company
An enterprise configuration that amalgamates the individual taxation approach of sole proprietorships or partnerships with the capped liability advantages of a corporation.
Corporation
A legal entity that is separate and distinct from its owners, offering them limited liability and the ability to raise funds by selling shares.
Net Income
The profit remaining after all costs, expenses, and taxes have been subtracted from total revenue.
Allowances
Funds set aside or discounts offered to account for various factors such as potential returns, defective goods, or customer satisfaction initiatives.
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