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Two distinct school systems for White and Black students is an example of
Salary Allowances
Employee benefits added to base salary, such as health insurance, bonuses, or retirement contributions.
Capital Balances
The amount of money that partners or shareholders have contributed to a business or the equity they have in a business.
Net Income
The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.
Closing the Revenue
Closing the Revenue involves transferring the revenue earned during an accounting period to the capital account to prepare the company's books for the next period.
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