Examlex
Multiply by applying the distributive property.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.
Loss on Disposal
The financial loss incurred when an asset is sold, discarded, or disposed of for less than its carrying value on the books.
Prior Period Adjustment
Adjustments made to a company's financial statements to correct previously made errors in those statements from earlier periods.
Cumulative Preferred
Refers to preferred stock where dividends accumulate if not paid out, with these unpaid dividends required to be paid out before any dividends can be issued on common stock.
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