Examlex
In this reading we encounter St. Anselm's ontological argument for the existence of God and Gaunilo's reply. The argument goes like this: God is by definition "a being than which nothing greater can be conceived." If God, the greatest being that can be conceived, exists only in our minds, then there must be a being greater than God-that is, a God that exists in reality (an existing being is greater than an imaginary one). But this leads to a contradiction: A being greater than God is impossible. Therefore, God must exist in reality (as well as in the mind). Gaunilo replies that if Anselm's reasoning were sound, we could prove something ridiculous-namely, that the greatest island possible exists in reality.
-Gaunilo denies that God is the greatest being possible.
Interest Expense
The financial burden placed on a company due to borrowing funds over a time span.
Income Tax Expense
The cost associated with the taxes levied on the income of a company by the government.
Income From Operations
Income from a company’s principal operating activity; determined by subtracting cost of goods sold and operating expenses from net sales.
Trend Percentage
A comparative analysis technique that calculates the change in financial data over multiple periods to identify patterns or trends.
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