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Construction In Progress
An accounting term for the financial balance of construction costs attributed to assets under construction that have not yet been completed.
Realization
The process of converting non-cash assets into cash or recognizing revenue when goods or services are delivered, generating measurable income.
Noncash Resources
Assets or resources that do not have a direct cash value or cannot be easily converted to cash, such as goodwill, patents, and trademarks.
Revenues Earned
Represents the total amount of income generated from sales of goods or services before any deductions.
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