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In open-water systems such as lakes and oceans,decomposition occurs mostly in the surface layer.
Extraordinary Items
Events and transactions that are both unusual in nature and infrequent in occurrence, significantly impacting a company's finances.
Operating Loss Carryforward
A tax provision that allows businesses to apply current year operating losses against future profits to reduce tax liability.
Deferred Liability
A liability that is recognized on the balance sheet but will be settled at some point in the future.
Tax Benefit
A tax policy that allows certain deductions, credits, or exclusions that ultimately reduce a taxpayer's burden, improving financial efficiency.
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