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Income Statement Columns
Columns in an income statement that categorize financial information such as revenues, expenses, and net income to convey a company's financial performance over a specific period.
Balance Sheet Columns
Columns in a balance sheet that categorize and display assets, liabilities, and equity balances at a specific point in time.
Net Income
The net income a business earns following the deduction of all costs, taxes, and expenses from its total revenue.
Adjusted Trial Balance
A list of all accounts and their balances after adjusting entries are made, used as the basis for preparing financial statements.
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