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What statement about nitric acid is not true?
Budgeted Net Income
An estimate of a company's net income for a future period, calculated by subtracting all expected expenses from expected revenues.
Cash Receipts
The total amount of cash collected by a business during a period from its various sources.
Credit Sales
Transactions in which goods or services are provided to a customer with an agreement to pay at a later date.
Budgeted Sales
The sales numbers a company projects to achieve in a future period, usually part of financial planning and budgeting.
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