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What Are Operating Expenses?

What Are Operating Expenses? Every company has a section of the income statement dedicated to “operating expenses.” These costs are critical to a business’s long-term survival and success. For a

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Why is Accounting Important?

Why is Accounting Important? Accounting is essential for businesses because it helps the owners, investors, managers, and stakeholders keep track of the income, cash flow, assets, and liabilities of the

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How to Calculate Net Income

How to Calculate Net Income Calculating net income is a necessary task, whether you’re figuring out your personal budget or trying to determine the health of your company. Calculating net

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