Examlex
Dick participates in an activity for 90 hours during the year.He has no employees and there are no other participants.Dick is a material participant.
Profit After Tax
The net income remaining after all taxes have been deducted from total revenue.
Unrealised Profit
Profit that has been made on paper through an investment but has not yet been cashed in by selling the asset.
Upstream
In a supply chain context, refers to processes or activities that occur at the beginning of the production process or closer to the raw materials stage.
Downstream
Refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
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