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Pam opens Quik Xpress, a local delivery service. Unless Pam expressly adopts a certain form of business organization, the law considers Quik to be
Net Income
The residual financial gain of a company post all expenditures and taxes being deducted from its revenues.
Book Value
The value left over from a company’s assets once its obligations are deducted, as listed on the balance sheet.
Significant Influence
The power to participate in the financial and operating policy decisions of an investee but not control those policies.
Net Income
Net income is the profit a company makes after deducting all its costs, expenses, interest, and taxes from its total revenues.
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