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State the second and third laws of thermodynamics.
Income Statement
A financial statement showing a company's income, expenses, and profits over a specified period, typically a quarter or year.
EBIT
Earnings Before Interest and Taxes is a measure of a firm's profitability that excludes interest and income tax expenses.
Operating Profit
Profit generated from a company's core business operations, excluding deductions of interest and taxes.
Net Profit
The financial gain achieved after subtracting all expenses, taxes, and costs from total revenue.
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