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Mediation and arbitration tend to be more expensive than litigation.
Net Income
Net Income is the total profit of a company after all expenses, including taxes and operating costs, have been deducted from revenues.
Accounts Payable
Money owed by a company to its creditors for goods and services that have been received but not yet paid for.
Drawings
The funds withdrawn by the owner of a sole proprietorship or partnership from the business for personal use.
Beginning Capital
The amount of capital at the start of a period before any transactions have occurred within the period.
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