Examlex
Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?
Revenue
The total amount of money earned by a business from its operational activities, before any expenses are subtracted.
Equipment Account
An account on a company's balance sheet that reports the value of the equipment that the company owns.
Beginning Balance
The amount of money in an account at the start of a new accounting period.
Credit Side
The section of an account where increases in liabilities, income, and equity are recorded, as opposed to the debit side, which records increases in assets and expenses.
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