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Describe and give examples of each of the Big Five personality traits.How stable are these traits over time? Discuss how these traits reflect differing brain structures.
Net Income
The total earnings of a company after subtracting all costs and expenses from revenues; also known as net profit.
Revenue Accounts
Accounts that track the income a company generates from its normal business activities, typically from the sale of goods and services to customers.
Expense Accounts
Accounts used to record the consumption of economic benefits during the operational period, contributing to revenue generation.
Income Summary
An account used in the closing process that summarizes revenues and expenses for a period before transferring the balance to retained earnings.
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