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The trachea splits into two bronchi at the
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products or providing its services.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues, also known as net earnings or net profit.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made at specific intervals, based on physical inventory counts.
Merchandise Inventory
Items that a company intends to sell to customers that are held as assets on the balance sheet.
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