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Match the structures labeled in the diagram with the statements below.
Figure 4.11
-subcutaneouslayer
Net Income
The total profit of a company after all expenses, including taxes and operating costs, are subtracted from total revenue.
Revenue
The income received by a company from its business activities, usually from the sale of goods and services to customers.
Expenses
Money spent or cost incurred in an entity's efforts to generate revenue, representing the cost of doing business.
Liability
An obligation of the company that arises from past transactions or events, leading to a probable future sacrifice of economic benefits.
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