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Which is not a true statement?
Net Income
The remaining profit for a company after removing taxes and expenses from its total income.
Common Stock
Equity shares issued by a corporation, representing ownership interests and voting rights in the company.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.
Note Payable
A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.
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