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Write out the steps that show how sulfur in coal is converted to sulfuric acid in acid rain.
Net Income
The total profit of a company after subtracting all costs, expenses, and taxes from the total revenue.
Net Loss
The amount by which total expenses exceed total revenues in a specific period, indicating a company's financial performance was negative.
Owner Withdrawal
The process by which an owner takes funds or assets out of the business for personal use, often referred to as "draws."
Income Statement
A financial document showing a company's income, expenses, and net profit over a specific period of time.
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