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Hard power is coercive.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.
Net Income
The total profit or loss of a company after all revenues, costs, and expenses have been accounted for, often referred to as the bottom line.
Operating Loss
A financial condition where a company's total operating expenses exceed its total revenues, indicating a negative operating profit.
Income Summary
An account in the ledger that aggregates all income and expense accounts to determine the net income or loss for a period.
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