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Is EFT always a good thing? List some potential problems with EFT.
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.
Total Liabilities
The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and any other debts.
IFRS
International Financial Reporting Standards, which are global accounting standards for preparing financial statements, making it easier to compare entities internationally.
Current Liability
An obligation that a company is required to pay off within the current fiscal year or operating cycle, essentially a rephrased definition of current liabilities.
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