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In 2000, Congress enacted the_________ to provide that no contract, record, or signature may be "denied legal effect" solely because it is in an electronic form.
Income From Operations
This refers to the profit realized from a business's ongoing core business operations, excluding deductions of interest and taxes.
Periodic Inventory Method
An accounting method where the inventory is physically counted and valued at the end of a specific period to determine cost of goods sold and ending inventory.
Cost of Goods Sold
The total cost directly associated with producing or purchasing the goods sold by a business during a specific period, including materials and labor.
Selling Expense
Expenses directly related to the selling of products or services, such as advertising, sales commissions, and retail store expenses.
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