Examlex
Which of the following things is NOT required in State Implementation Plans under the Clean Air Act:
Overstatement
A situation where figures or values are recorded in the financial statements higher than the actual or true values.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, after all purchases and sales have been accounted for.
Beginning Inventory
The value of goods available for sale at the start of an accounting period, before any purchases are added or sales are subtracted.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor costs.
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