Examlex
Personal property could be considered all property that is not real property.
Deferred
Accounting term used to describe revenues or expenses that have been incurred but not yet recorded in accordance with accrual accounting principles.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including materials and labor costs.
Reported Gain
The profit reported on financial statements, reflecting the difference between the sale price of an asset and its book value.
Equity Method
An accounting technique used to record investments in other companies, recognizing income proportional to ownership.
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