Examlex
What is the rationale for the harmonization of international accounting standards?
Variable Costs
Charges that adjust based on the degree of activity or output levels in an enterprise.
Profits
The financial gain achieved when the revenues from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.
Revenue
The total amount of money generated by a company from its business activities, such as sales of products or services, before any expenses are deducted.
Futures Contract
A formal legal contract to purchase or sell a specific commodity or financial instrument at an agreed-upon price at a future date.
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