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___________________ refers to the responsibility of the person or team for a set of outcomes that were agreed to be achieved.
Income Taxes Payable
This represents the amount of income taxes a company owes to the government that has not yet been paid.
Income Tax Expense
Income tax expense represents the amount of money a company expects to pay in taxes based on its taxable income for the current fiscal year.
Comparative Balance Sheets
Financial statements that present the financial position of a company at different points in time, side by side, for comparison.
Net Income
The total profit remaining after all expenses, taxes, and costs have been subtracted from total revenue, indicating the financial performance of a company over a specified period.
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