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Inventory
The complete quantity of products and materials in a company's possession intended for future sale or manufacturing.
Cost Of Goods Sold
An accounting term that represents the direct expenses related to the production of goods sold by a company.
Statement Of Income
A financial report that shows a company’s revenues, expenses, and profits over a specific period, commonly referred to as an income statement or profit and loss statement.
ASPE
Accounting Standards for Private Enterprises; a set of accounting standards for privately-held companies in Canada, providing simpler alternatives to International Financial Reporting Standards (IFRS).
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