Match the Abbreviation with the Appropriate Interpretation

question 45

Multiple Choice

Match the abbreviation with the appropriate interpretation.
-After meals

• A)NPO
• B)pc
• C)e-MAR
• D)VO
• E)NS

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Definitions:

Net Income

The residual income of a company once every expense and tax payment has been extracted from revenue.

Amortization Expense

The portion of the cost of an intangible asset that is allocated as an expense over its useful life.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded through the normal accounting process.

Net Income

The total profit or loss of a business after all expenses, including taxes and operating costs, have been deducted from revenues.