Examlex
The net income (or net loss)must be calculated after the statement of owner's equity is prepared.
Risk
A potential loss.
Perfect Tender Rule
This rule allows buyers to reject goods that do not precisely meet the quality, quantity, and delivery terms specified in the contract.
Minor Flaws
Small defects or imperfections that do not significantly affect the overall functionality or value of an item.
Rigidity
The quality of being unable to bend or be forced out of shape; not flexible.
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