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The powers of the Egyptian pharaoh included
Vertical Analysis
A financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Matching Principle
An accounting principle that dictates that expenses should be matched with the revenues they helped to generate in the same period.
Revenues
Revenues refer to the total amount of money earned by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.
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Q74: Instructions: Please define the following key terms.