Examlex
What is the treatment of charitable contributions in excess of the applicable limits for the current year?
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.
Earnings
The amount of profit that a company generates during a specific period, often reported as net income.
Profit
The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
Accounting
The systematic process of recording, analyzing, and interpreting financial information.
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