Provide several concrete examples of checks and balances that are in the U.S.Constitution.
Definitions:
Net Income
Net Income is the total revenue of a company minus all expenses and taxes, representing the profit earned during a specific period.
Net Cash
The amount of cash a company has after all its cash inflows and outflows have been accounted for, often used in the context of operating, investing, and financing activities.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Prepaid Insurance
An asset account on the balance sheet representing insurance paid in advance that provides coverage over future periods.
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