Examlex
Which of the following pairs are correctly matched?
Balance Sheet
A report detailing a firm's financial state through a breakdown of its assets, liabilities, and equity from shareholders at a certain moment, offering an overview of its financial health.
Current Liabilities
Short-term financial obligations due within one year or within the company's operating cycle.
Depreciation
Depreciation represents the gradual reduction of the recorded cost of a fixed asset over its useful life, reflecting the asset's wear and tear, deterioration, or obsolescence.
After-Tax Income
The amount of income left after all applicable taxes have been deducted, reflecting the net income available for spending, saving, or investment.
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