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The term "metabolism"
Net Income
The remaining earnings of a business after subtracting all outgoings and tax liabilities from its total earnings.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and equity at a specific point in time, giving insight into its financial position.
Income Statement
A financial statement that reports a company's financial performance over a specific period, including revenues, expenses, and net income.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded at the end of an accounting period.
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