Complete the chart below,indicating trust accounting income for each of the alternatives.For this purpose,use the following information.
Definitions:
Net Income
Net income is the total amount of profit a company earns after subtracting all of its expenses, taxes, and costs from its total revenue.
Unlimited Liability
A legal structure in business where owners are personally liable for all the debts and obligations of the business.
Limited Life
A term that refers to the finite operational lifespan of an entity, asset, or agreement, after which it ceases to exist or operate.
Limited Liability
A legal structure that limits the amount of financial responsibility of the entity's owners to the amount they have invested.
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