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If a person inherits a gene for blonde hair and a gene for brown hair, the person will have brown hair. Therefore, the gene for brown hair is
Net Income
The income left over after deducting all costs, taxes, and expenses from the total revenue.
Balance Sheet
A financial summary indicating a company's assets, outstanding liabilities, and the total equity of its shareholders at a determined point in time.
Understated
Describes financial statements or figures that are reported as less than their actual values.
Purchase Price
The amount paid or to be paid by the buyer to acquire a good, service, or asset.
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