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Multi-Step Income
Multi-step income statements provide a detailed breakdown of revenues, expenses, and profit, distinguishing between operating and non-operating activities.
Cash Flow Statement
A document highlighting the impact of adjustments in balance sheet items and earnings on cash and cash equivalents, divided into operating, investing, and financing sections.
Abnormal Earnings
The profits that exceed or fall short of the expected normal rate of return for a business.
Actual Earnings
The real profits generated by a company over a specific period, after accounting for all expenses.
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