Examlex
The output of the systems planning and selection phase is a description of the alternative solution recommended by the analysis team.
Net Income
The total revenue of a business minus total expenses, indicating the company's profit after all expense deductions.
Income Statement
A financial statement that reports a company's revenues and expenses over a specific period, showing the net profit or loss.
Adjustments Column
Part of an accounting worksheet where entries are made to update account balances before preparing financial statements.
Retained Earnings
The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders. Often reinvested in the business or used to pay off debt.
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