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What is the Microsoft Management Console?
Net Income
The total revenue minus total expenses, representing the company's profit.
Operating Activities
These are the primary day-to-day activities of a business that relate to its production, sales, and deliveries of its products and services.
Prepaid Insurance
An asset account that represents the amount paid for insurance coverage in advance of the service period.
Depreciation Expense
Depreciation expense is the allocated reduction of the cost of a tangible fixed asset over its useful life, reflecting its wear and tear, or obsolescence.
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