Examlex
A distribution in partial liquidation of a corporation is always treated as a sale or exchange by an individual shareholder.
Absorption Costing
A method of accounting for costs in which all costs of manufacturing a product (including variable and fixed overhead costs) are considered product costs.
Net Operating Income
The profit generated from a company's normal business operations, excluding expenses such as taxes and interest charges.
Net Operating Income
The profit generated from a company's regular, core business operations, excluding deductions of taxes and interest.
Unit Product Cost
The total cost (direct materials, direct labor, and overhead) divided by the number of units produced.
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