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Technician A says the Powertrain Control Module (PCM) can reduce transmission wear by increasing torque during gear shifting. Technician B says the PCM monitors input shaft and output shaft speed as a method of fault detection. Who is correct?
Net Income
The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.
Normal Balance
The side of an account (debit or credit) that increases. For assets and expenses, it's usually the debit side, and for liabilities, equity, and revenue, it's typically the credit side.
Owner's Capital Account
An equity account representing the total investment of the owner in the business, including initial contributions and subsequent earnings, minus any withdrawals.
Asset Account
Accounts used in accounting to track the value of economic resources owned or controlled by an entity which can provide future benefits.
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