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The three kinds of kinship are:
Sales
Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.
Income Statement Data
Financial information that summarizes a company's revenues, expenses, and profits over a specific period.
Operating Expenses
Costs incurred in the day-to-day operations of a business, excluding direct material and labor costs related to the production of goods or services.
Cost of Goods Sold
The total cost associated with making or acquiring any goods sold during a reporting period, including material, labor, and overhead costs.
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