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Which of the following is not true regarding Benjamin Franklin?
Sales Revenue
The total amount of money generated from selling goods or services before any costs or expenses are deducted.
Calendar-Year
A one-year period that begins on January 1 and ends on December 31, used for financial and tax reporting purposes.
Annual Financial Statements
Reports prepared yearly that give an overview of a company’s financial condition, including balance sheet, income statement, and cash flow statement.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.
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