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Which one of the following will form an acidic solution in water?
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.
Depreciable Asset
An asset that loses value over time due to use, wear and tear, or obsolescence, and whose cost can be allocated over its useful life.
Net Income
A company's remaining income after deducting all costs and taxes from its revenue.
Gain
The increase in the value of an asset or a decrease in the value of a liability, which results in an increase in the equity of a business.
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