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In the landmark case, Zelman, Superintendent of Public Instruction of Ohio, et al. v. Simmons-Harris, et al. 536 U.S. 639 (2002) ,
Income Statement
A financial document that shows a company's revenues and expenses over a specific period, culminating in the net income.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position at a particular date, reporting assets, liabilities, and equity.
Total Assets
The sum of all resources owned by a company, valued in monetary terms.
Total Liabilities
The sum of all financial obligations or debts that a company owes to external parties.
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