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The incomes of 50 loan applicants are obtained. Which level of measurement is income?
Operating Expenses
Costs related to the day-to-day functions of a business, excluding cost of goods sold, but including items like rent, salaries, utilities, and depreciation.
Accrued Liabilities
Accrued liabilities refer to expenses that have been incurred but not yet paid for, recognized on the balance sheet.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
Cash Paid
The total amount of currency that an entity disburses in exchange for goods or services or to settle debts.
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