Examlex
Operating expenses appear on the income statement:
Franchise
A license that allows the franchisee access to a business's proprietary knowledge, processes, and trademarks, enabling the franchisee to sell a product or service under the business's name.
Example
An instance or case used to illustrate or explain a rule or principle.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has its own rights, privileges, and liabilities distinct from those of its members.
Advantages
The favorable aspects, benefits, or conditions that contribute to success or a more favorable position.
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