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Write the following number in scientific notation. 2,720,000
Accrual-Based Net Income
The net income of a company calculated based on accrual accounting, recognizing revenues when earned and expenses when incurred, regardless of cash flow.
IntrA-Entity Gains
Profits resulting from transactions within the same entity, often requiring elimination during the consolidation process to avoid inflating earnings.
Initial Value Method
An accounting method where an investment is recorded at its acquisition cost without subsequent adjustment for changes in market value.
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