Tutor profile: Tom T.
The concept that money available at the present moment is worth more than the same amount in the future due to its potential earning capacity is called what?
The time value of money.
The amount of money a company earns above and beyond the money it spends on salaries and other expenses is called what?
This is called profit.
What are the three main financial statements called?
The three main financial statements are called the balance sheet, income statement and statement of cash flows.
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