Earnings Statement
Earning statement is also known as the income statement or profit and loss statement. It summarizes a company’s revenues, expenses, and profits over a specific period. It shows how much was earned and what it cost to earn it, helping assess financial performance.
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Endowment Fund
An endowment fund consists of donations or capital set aside to generate ongoing income for a specific purpose commonly used…
Entity Concept
The entity concept states that a business must be treated as a separate economic unit from its owners or stakeholders.…
Economic Value Added (EVA)
Economic Value Added measures how much value a business generates beyond the cost of its capital. It is calculated as…
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