Examlex
When CTV streams its news programs directly on to their web site, this is an example of
Owner's Drawings
The withdrawal of business assets by the owner for personal use, which reduces the equity of the owner in the business.
Gross Profit
The difference between revenue and the cost of goods sold before accounting for certain expenses.
Operating Expenses
Regular costs associated with operating a business, such as rent, utilities, and payroll.
Net Income
The final amount of profit a company declares after reducing its total revenue by the incurred taxes and expenses.
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