Examlex
What is active listening? Explain.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Income Distribution
The way in which total income is shared among the members of an economy.
Insolvent
A financial state where an individual or organization cannot meet its debt obligations as they come due.
Liabilities
Financial obligations or debts that a company owes to outside parties, which are recorded on the right-hand side of the balance sheet.
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