Instead of the Word Net Income,accountants Use Net Profit Because

question 106

True/False

Instead of the word net income,accountants use net profit because the latter term can be defined more precisely.

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Definitions:

Congress

The national legislative body of a country, particularly in the United States, it is composed of the House of Representatives and the Senate.

Drug Offenses

Illegal activities related to the possession, distribution, manufacture, or use of controlled substances as defined by law.

State Prisons

Correctional facilities operated by individual states, typically holding individuals convicted of felonies or serious crimes under state law.

Adam Walsh Act

A U.S. law aimed at protecting the public from sexual offenders and offenders against children, and establishing a comprehensive national system for the registration of these offenders.