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Income Statement
A financial document detailing a company's revenues, expenses, and net income over a specific period, illustrating its profitability.
Liabilities
Liabilities are the financial obligations of a company, including debts and other amounts owed to creditors, which must be settled over time.
Stockholders' Equity
Stockholders' equity represents the residual interest in the assets of a corporation after deducting liabilities, essentially what is owned by the company's shareholders.
Balance Sheet
A document that outlines a firm's assets, liabilities, and equity of stockholders on a given date, reflecting its financial status.
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