A(n) ____________________ Explains, Specifies, or Refers to the Material And/or

question 2

Short Answer

A(n) ____________________ explains, specifies, or refers to the material and/or process needed to make the part.

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Definitions:

Expenses

The money spent or costs incurred by a business in the process of earning revenue.

Common Stock

Common Stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Revenues

The total income generated from normal business operations and other activities, such as the sale of goods or services.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote a positive balance.