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Which of the following consists of two large, flat muscles that cover the lower back?
Expenses
Expenses are the costs incurred during the operation of a business to generate revenue, including operational costs, salaries, and utilities.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset over its life up to a single point in time.
Liability Account
An accounting record that captures the company's obligations to pay debts to others, usually categorized as current or long-term.
Net Income
The total earnings of a company after deducting all expenses, taxes, and losses, indicating the company's profitability.
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