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Under Chapter 13,agencies charged with collecting and recovering unpaid child-support payments are allowed to continue such efforts despite the bankruptcy filing.
Net Income
The residue of all revenues and gains minus all expenses and losses for a period, often known as the bottom line.
Sales
The total amount of income generated by the selling of goods or services by a company during a certain period.
Manufacturing Costs
Refers to the total expenses incurred in the process of producing a product, including raw materials, labor, and overhead costs.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, treating fixed costs as period expenses.
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