Examlex
The Supreme Court declared prayer in public schools unconstitutional in
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Liability
A financial obligation or amount owed by a company to another party.
Asset
An economic resource that is owned or controlled by an individual or entity, expected to provide future benefits.
Cash Basis
An accounting method in which revenues and expenses are recorded only when cash is received or paid, rather than when they are incurred.
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