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Two transactions were posted to the following customer account.NAME: Boogie Board Water WearADDRESS: 2340 Xtreme Surf Describe each transaction and the source of each posting.
Net Income
A company's final earnings following the deduction of all expenses and taxes from its revenues.
Net Cash Flow
The difference between cash inflows and outflows in a given period, indicating the liquidity position of a business.
Depreciation Expense
The amount of the cost of a tangible asset that is allocated as an expense over its useful life.
Gain
The financial benefit realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
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