Examlex
If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an additional adjusting entry is required to record the difference.
Foreign Corporation
A corporation that is incorporated under the laws of a country different from the country where it conducts its operations.
Incorporated
A legal process used to form a corporate entity or company which is recognized as a legal person under the law.
Public Corporation
A company whose shares are publicly traded on a stock exchange, making its financial information available to investors, analysts, and the public.
Operated
Pertains to the condition or manner in which equipment, machinery, or systems are managed, manipulated, or controlled.
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