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In a Short Essay,discuss the Advantages and Uses of Secondary

question 46

Essay

In a short essay,discuss the advantages and uses of secondary data.Include a discussion of the disadvantages of secondary data to support your answer.


Definitions:

Equity Method

The equity method is an accounting technique used to assess the investments in other companies, where the investment is recorded at original cost and adjusted according to the investor’s share of the investee's profit or loss.

Intra-entity Inventory

Transactions involving the exchange of goods between divisions within the same company, often for consolidation or reallocation purposes.

Gross Profit

The disparity between sales income and the expense of goods sold, prior to considering additional expenditures.

Gross Profit

The financial gain obtained after deducting the cost of goods sold from total sales revenue.

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