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Which of the following statements about a photo album is false?
Raw Materials
the unprocessed or minimally processed resources used to manufacture finished goods, such as metals, plastics, or textiles.
Retained Earnings
Cumulative net income of a company that is retained within the business rather than distributed to shareholders as dividends.
Cost of Goods Sold
The total cost directly associated with producing goods, including materials and labor expenses, that a company sells during a specific period.
Collections
The process of recovering amounts owed to a business by its debtors or customers.
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