Examlex
Explain why it is important to encourage whistle blowing in a firm.
Wages and Salaries
Payments made to employees in exchange for their labor or services, categorized as either hourly (wages) or fixed annual amounts (salaries).
Cash and Cash Equivalents
Liquid assets that include currency, checks, and short-term investments that can be quickly converted to cash.
Net Income
Net income is the total profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.
Equity
The value of an owner's interest in a property or business, calculated as the difference between the assets and liabilities.
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