Examlex
Any event or situation that evokes a response is a
Retained Earnings
The portion of a business's profits not distributed to shareholders but reinvested in the business or kept as a reserve.
Net Loss
The amount by which total expenses exceed total incomes for a business over a specific period, indicating a negative financial performance.
Net Income
The total earnings of a company after subtracting all costs and expenses, including taxes and interest, from its total revenues.
Balance Sheet Columns
The sections within a balance sheet that display a company's assets, liabilities, and shareholders' equity at a specific point in time.
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