Examlex
If an iron atom (Fe) lost three electrons, what would be the charge of the resulting ion?
Cost of Merchandise Sold
An expense account that reflects the direct costs associated with the goods sold by a company during an accounting period.
Equation
A mathematical statement that asserts the equality of two expressions, represented by the symbol "=".
Gross Profit
Sales minus the cost of merchandise sold.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities.
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