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Match the Term with the Appropriate Phrase

question 71

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-charged atoms due to the gain or loss of one or more electrons

Comprehend how individualized consideration supports follower development and achievement.
Understand the taxability of interest on state bonds and when they are exempt.
Comprehend conditions under which a cash-basis taxpayer can report income as though they were an accrual-basis taxpayer.
Identify types of income that are subject to federal income tax and those that are not.

Definitions:

Net Profit Margin

A profitability ratio that measures the percentage of each sales dollar that remains as profit after all expenses, including taxes, have been paid.

Net Income

The total profit of a business after subtracting all expenses from total revenues.

Operating Income

The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.

Inventory Turnover

A financial ratio that measures the number of times a company’s inventory is sold and replaced over a specific period, reflecting the efficiency of inventory management.

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