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Term for identification: Nineteenth Amendment
Insurance Premium
The amount paid periodically to an insurance company for coverage.
Plant Asset
Long-term tangible assets used in the production of goods or services, such as machinery, buildings, and equipment.
Net Income
The total earnings calculated by subtracting total expenses from total revenues, indicating the company's profit.
Invoice Cost
Invoice cost refers to the amount shown on the invoice from a supplier, including the cost of the goods purchased and any additional fees or shipping costs.
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