Examlex
M2 includes all of these EXCEPT
Equipment
Tangible property used in operations, such as machinery and hardware, that contribute to the production or service of a business.
Inventory
A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold; considered an asset on the balance sheet.
Book Value
The net asset value of a company calculated as total assets minus intangible assets and liabilities.
Net Income
The residual income a company has after expenses and taxes are deducted from its total income.
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