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Olive Inc., a chain of retail outlets, is converting its existing billing systems to a more robust online tool. In this process, the organization runs both the old and the new systems to compare their performances. In this case, the company is implementing the new system using ________ installation.
Comparative Balance Sheets
Financial statements that provide a side-by-side comparison of a company’s balance sheets for two or more periods, allowing for analysis of trends over time.
Retained Earnings
The portion of net income that is not distributed to shareholders but instead is reinvested in the business or used to pay off debt.
Net Income
Net income is the total earnings of a company after all expenses and taxes have been deducted from total revenue.
Dividends
Payments made to shareholders out of a corporation's earnings.
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