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Net Income
The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.
Equity Method
The equity method is an accounting technique used to assess the investments in other companies, where the investment is recorded at original cost and adjusted according to the investor’s share of the investee's profit or loss.
Intra-entity Inventory
Transactions involving the exchange of goods between divisions within the same company, often for consolidation or reallocation purposes.
Gross Profit
The disparity between sales income and the expense of goods sold, prior to considering additional expenditures.
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