Examlex
Which of the following statements is not true?
Amortization
The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.
Gross Margin
The gross margin refers to the difference between the revenue generated from sales and the cost of goods sold, usually expressed as a percentage of revenue.
Operating Statement
A financial document that provides a summary of a company's revenues, expenses, and profit or loss over a specific period.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.
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