Examlex
Which of the following is not a 'support activity'?
Net Income
The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenue.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, leading to net income or loss.
Insurance Expense
The amount a company spends on insurance policies to cover various risks, recorded as an expense in the accounting period in which it is incurred.
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