Examlex
Unrealized gains and losses are recognized on trading securities.
Selling Expense
Costs incurred directly and indirectly in making sales, including advertising, shipping, and sales staff salaries.
Goods Sold
The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.
Perpetual Inventory System
An inventory accounting system that records goods transactions in real-time.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and the associated costs once the goods leave the seller's premises.
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