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Why is encouragement more appropriate than praise?
Primary Financial Statements
Critical financial documents including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity, which provide an overview of a company's financial health.
Income Statement
A financial statement that shows a company's revenue and expenses over a specific period, culminating in the net profit or loss.
Balance Sheet
A financial statement that gives a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.
Excess of Revenue
The amount by which revenue exceeds the expenses in a given period, indicating profit.
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