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List and briefly discuss three accounting concepts and principles that apply to accrual basis accounting.
Total Assets Ratio
A financial metric that measures the efficiency of a company's use of its assets to generate revenue.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the financial performance over a given period.
Cash Flow
A rephrased definition for KT-16: The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Net Operating Cash Flow
The amount of cash generated by a company's regular business operations over a specific period.
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