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What happened in the United States as a result of prohibition?
Time Period Assumption
The long life of a company can be reported in shorter time periods, such as months, quarters, and years.
Business Entity
A corporation, partnership, association, or any other legal entity engaged in economic activities, such as selling goods or services.
Quarters
A three-month period on a financial calendar that acts as a basis for reporting earnings and paying dividends.
Operating Income
The profit realized from a business's core operations, excluding deductions for interest and taxes.
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