Examlex
What traits have pushed Jobs to succeed in pulling development teams through new start-ups?
Write-Down
A reduction in the book value of an asset when its market price falls below its carrying value on the balance sheet.
Gross Profit
The difference between revenue and the cost of goods sold, representing the basic profitability of the products or services sold by a company.
Pretax Income
The income of a business before income taxes are deducted.
Understated
Describes a financial statement element that is reported at a figure less than its actual value, potentially misleading users of the statements.
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