Examlex
A cost ________ is anything for which an estimation of costs is sought.
Legal Form
Refers to the legal structure or type of business entity, such as corporation, partnership, sole proprietorship, etc., which determines legal liabilities and taxation methods.
Revenue
The total amount of money received by a company for goods sold or services provided during a specific time period.
Percentage-Of-Completion
An accounting method that recognizes revenues and gross profit on long-term contracts in proportion to the work completed to date.
Gross Profit
The difference between sales revenue and the cost of goods sold, representing the basic profitability of the sales of goods and services.
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