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A consequence of a separation of duties is that
Net Income
The total profit or loss of a company after all revenues, costs, and expenses have been accounted for, typically reported at the bottom of the income statement.
Annual Amortization
The process of spreading out a loan or intangible asset's cost over its useful life, reflecting each year’s expense on the financial statements.
Investment Balance
Investment balance refers to the total value of all the securities or assets that an individual or institution holds in an investment account at a given point in time.
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