Examlex
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Accounting Principle
Fundamental guidelines or rules that govern the process of accounting and financial reporting, ensuring consistency and comparability of financial data.
Extraordinary Items
Events or transactions that are both unusual in nature and infrequent in occurrence, significantly affecting a company's financial position and reported separately in financial statements to provide clarity.
Percentage Change
A measure expressing the relative difference between a new value and an old value, often used to describe changes in financial or statistical data.
Gross Profit
The financial performance metric that subtracts the cost of goods sold from total revenue, indicating the efficiency of the core business activities.
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