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Common Stock
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's profits or losses.
Generally Accepted Accounting Principles
A set of widely adhered to principles and guidelines for reporting financial information.
Financial Accounting Standards Board
An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.
Net Income
The total profit of a company after accounting for all expenses and taxes; also known as net earnings or net profit.
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