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Digging downward through a soil profile, how deep would you have to go before you found recognizable fragments of the parent rock for the soil?
Cumulative Adjustment
An accounting method used to make corrections to cumulative errors in financial statements of previous years.
Prior Period Adjustments
Corrections of errors in previously issued financial statements for periods that have already been reported.
Retained Earnings
The portion of a company's net income that is kept within the company rather than distributed to shareholders as dividends.
Net Income
After-tax and expense deductions from total revenue, the remaining profits of a company.
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