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Businesses that are separated into two or more manageable units in which managers have authority and responsibility for operations are said to be
Net Income
A company's total earnings or profit, calculated by subtracting total expenses from total revenues.
Income Before Income Taxes
This is the earnings of a company before accounting for income taxes, representing the amount made from ordinary operations.
Net Income
The total profit of a company after all expenses, taxes, and losses have been subtracted from total revenue.
Gross Profit
The difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its production and labor.
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