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Energy
Overstatement
An error in financial reporting where the value of assets, revenues, or profits is recorded higher than the actual figures.
Inventory Purchases
Refers to the acquisition of goods and materials a company intends to sell or use in production, forming part of its inventory.
Cost of Goods Sold
The direct expenses linked to the creation of products sold by a business.
Ending Inventory
The total value of goods available for sale at the end of an accounting period.
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