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What is the shape of the modern short-run aggregate supply (SRAS) curve? Why?
Fiscal Year-End
The fiscal year-end is the conclusion of a 12-month or 52-week period over which a company or organization measures its financial performance.
Automatic Extension
An automatic extension grants taxpayers additional time to file their tax returns without the need for an explanation.
Return
The document filed with the IRS that reports income, expenses, and other pertinent tax information. Returns are required by law to be filed annually for an individual or business with reportable income.
Earnings and Profits
A measure used for tax purposes to determine a corporation's ability to pay dividends to its shareholders out of its net assets.
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