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What is a defining characteristic of a recessive gene?
Net Realizable Value
The estimated selling price of goods minus the costs of their sale or disposal, used in inventory valuation and accounts receivable.
Write-Down
A reduction in the book value of an asset when its market price falls below its carrying value on the balance sheet.
Gross Profit
The difference between revenue and the cost of goods sold, representing the basic profitability of the products or services sold by a company.
Pretax Income
The income of a business before income taxes are deducted.
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