Examlex
Whether or not the zoning board will grant a request for a variance depends upon
Notes Payable
A written promise to pay a specified sum of money, usually with interest, by a certain date, classified as a liability on the balance sheet.
Gross Margin
The difference between revenue and cost of goods sold, expressed as a percentage of revenue, indicating the financial health of a company’s sales.
Impairment Loss
A reduction in the recoverable amount of a fixed asset or goodwill, exceeding its carrying amount on the balance sheet.
Capital Assets
Long-term assets acquired for business use and not expected to be converted to cash in the coming year, typically including buildings, machinery, and equipment.
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