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The hierarchy of needs theory was proposed by Abraham Maslow.
Income Statement Columns
Sections within an income statement that separate financial data, such as revenues, expenses, and profits, to provide a clear overview of a company's financial performance.
Net Income
The final amount a company earns, which is the total revenue minus all expenses, taxes, and costs.
Net Loss
The amount by which expenses exceed revenues in a given period, resulting in a decrease in equity.
Debits And Credits
Accounting entries that are used to record transactions, where debits increase asset or expense accounts and decrease liability, equity, and revenue accounts, while credits do the opposite.
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