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Describe the processes used to increase productivity.
Physical Inventory
An actual count of all the goods on hand at the end of an accounting period.
Single-Step Income Statement
A simplified financial statement format that calculates net income by subtracting total expenses from total revenues in one step.
Statement of Stockholders' Equity
A financial document that shows changes in the equity section of a company's balance sheet, including stock transactions and retained earnings.
Fiscal Year
A one-year period used for financial reporting and budgeting purposes, which doesn't necessarily align with the calendar year.
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