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Income Statement
A financial report that shows a company's revenues, expenses, and net income over a specific period.
Production Equipment
Assets used in the manufacturing process to produce goods and services, including machinery, tools, and assembly lines.
Cost Object
Any item for which a separate measurement of costs is desired, including products, services, projects, or customers.
Direct Costs
Expenses directly associated with the production of goods or services, such as raw materials and labor.
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