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Which of the following is NOT a common report embellishment?
Retained Earnings
Net income that the corporation retains for future use.
Operating Expenses
Expenses incurred through the normal operations of a business, including rent, utilities, and salaries, but excluding costs of goods sold.
Vertical Analysis
A financial analysis method that lists each line item in a single period financial statement as a percentage of a base line figure.
Operating Expenses
The day-to-day costs involved in running a business, excluding the cost of goods sold.
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