Examlex
Application software controls the basic workings of a computer system.
Net Income
The conclusive earnings of a firm after removing all financial outlays and tax obligations from its aggregate revenue.
Equity Method
An accounting technique used by firms to assess the profits earned by their investments in other companies, incorporating the income on the investor's income statement.
Amortization
The approach of progressively depreciating the initial investment in an intangible asset over its effective life.
Inventory
The total quantity of goods and materials a business holds for the purpose of resale or production.
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