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An example of practicing from the strengths perspective is
Cost of Goods Sold
The straightforward costs related to the production of goods a company distributes, encompassing materials and labor expenses.
Gross Profit
The financial measure representing the difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in production.
Net Income
The company's final earnings following the deduction of all expenses and taxes from the gross revenue.
Accrual System
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.
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