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The authors predict that, in the future, what common device, that is now relatively safe, will become a security risk for hackers and viruses?
Gross Profit
The difference between revenue and the cost of goods sold (COGS), indicating how much a company earns from its core business activities.
Multiple-Step Income Statement
A comprehensive income statement that separates operating revenues and expenses from non-operating ones, providing a detailed view of a company's financial activities.
Single-Step Income Statement
An income statement format that deducts total expenses from total revenues with one calculation, to find the net income.
Operating Income
Profit realized from a business's core operations, excluding deductions of interest and taxes.
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