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For Hume, "the effect is totally different from the cause, and consequently ..."
Net Income
Net income is the total profit of a company after all expenses, including taxes and operational costs, have been subtracted from total revenue.
Accounts Payable
The amount of money owed by a company to its creditors for goods and services purchased on credit.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Expenses
The cost of assets consumed or services used in the process of earning revenue.
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