Examlex
Which of the following is a reason for the term elastic being used to define the cloud?
Net Income
The final profit figure for a company, calculated by subtracting all expenditures and taxes from revenues.
Total Liabilities
The combined debts and obligations that a company owes to outside parties at any given time.
Accrued Expenses
Expenses that have been incurred but not yet paid for, often recognized in accounting through an adjusting entry.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's value over time.
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