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How do legal rules and principles bind us to act and take decisions in certain ways?
Cost Of Goods Sold
The immediate expenses associated with manufacturing the products a company sells, covering both materials and manpower.
Accounts Payable
Money owed by a business to its suppliers shown as a liability on the company's balance sheet.
Finished Goods Inventory
Products that have been manufactured and are ready for sale, but have not yet been sold to customers.
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