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An intrinsic part of the Hippocratic oath of physicians is belief in
Cost Of Goods Sold
The immediate expenses directly related to creating a company's sold products, covering both labor and materials costs.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, after all sales and purchases have been accounted for.
Accounting Period
A specific time frame for which financial statements are prepared, to measure the performance and financial position of a business.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from revenue, indicating the company's financial performance over a specific period.
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