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Parents and adolescents are usually quite different in their values and beliefs concerning social and economic issues.
Ending Inventory
The final value of goods available for sale at the end of an accounting period.
Net Income
The amount of earnings left over after all expenses, including taxes and costs, have been deducted from total revenue; essentially, the company's profit.
Physical Count
An actual count of merchandise or inventory on hand, often conducted at the end of an accounting period to verify the accuracy of records.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.
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