Examlex
Which of the following is not part of the M-1 supply?
Inventory
The total amount of goods and materials held by a company for the purpose of resale or production.
Income Tax Expense
The cost incurred by businesses and individuals due to earnings, calculated according to governmental tax rates.
Accrued Interest
Interest that has been incurred but not yet paid, often pertaining to bonds or loans.
360-Day Year
An accounting convention that simplifies interest calculations by assuming all months have 30 days, resulting in a 360-day year.
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