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Lehmann Systems Provides a Space on Its Website for Users

question 141

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Lehmann systems provides a space on its website for users to provide feedback on products and also to suggest new ideas and ideas for improvement.Customers can also subscribe for a newsletter sent by Lehmann systems which informs the customers about latest offers and sales.Lehmann systems is engaging in:


Definitions:

Long-Term Liabilities

Liabilities that are not due to be settled within the next 12 months.

Equity Method

A method of accounting in which an investor records its investment in another entity at original cost and subsequently adjusts this amount for its share of the profits or losses of the investee.

Deferred Losses

Losses that have been recognized in the financial statements but are not yet realized through actual transaction, to be recognized in future periods.

Net Operating Losses

Financial losses that occur when a company's allowable deductions exceed its taxable income, which can be carried over to reduce future taxable income.

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