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What are the a.Utilitarian approach It refers to the action which results in the most good and least harm.
Net Income
Calculated as revenue minus the cost of goods sold, operating expenses, and taxes, representing the company's earnings.
Deferred Charges
Costs or expenses that are incurred in one period but are not reported until a future period on the income statement.
Balance Sheet
An account statement that outlines the financial position of a company, including what it owns, owes, and the equity interest of its investors at a given time.
Fair Value Measurements
Assessments of the estimated market value of an asset or liability, based on assumptions about risk and the valuation techniques used.
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