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Four of the following statements are typically true of placoderms.Which one is the exception?
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.
Sales Discounts
A promotional strategy where the seller reduces the price of products or services to attract more customers or encourage quick payment.
Sales Tax
A percentage of the selling price of goods and services, collected by sellers and remitted to the appropriate tax authority.
Liability Account
An accounting record that captures the amounts a company owes to others.
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