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In a libel case, the plaintiff must show that the defamatory material
Net Income
The total earnings of a company after deducting all expenses, including taxes and costs, from its total revenues, indicating its profitability.
Generally Accepted Accounting Principles
A set of standards, principles, and procedures that guide the accounting practices and financial reporting in the U.S.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.
Balance Sheet
A document detailing a business's financial status at a given moment, listing the company's resources, debts, and owner's equity.
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