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Meixiu and Bai Chao have been happily married for over thirty years. Their relationship is based on trust and commitment, and they feel tremendous joy and pride in the family they have raised, and the home they have built. It is likely that they experience:
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
Cost of Merchandise Sold
An expense account that reflects the direct costs associated with the goods sold by a company during an accounting period.
Equation
A mathematical statement that asserts the equality of two expressions, represented by the symbol "=".
Gross Profit
Sales minus the cost of merchandise sold.
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