Examlex
Simplify the following expression.
Accounts Payable
An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors or suppliers.
Taxes Payable
Liabilities due to federal, state, or local tax authorities within the next fiscal year.
Earnings per Share
A measure of a company's profitability, calculated as the net income divided by the number of outstanding shares of its common stock.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenue.
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