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Eagle Company,a partnership,had a long-term capital gain of $15,000 during the year.Aaron,who owns 40% of Eagle,must report $6,000 of Eagle's long-term capital gain on his individual tax return.
Electronically Communicate
The process of exchanging information and conducting transactions through electronic means, such as email, instant messaging, and electronic data interchange (EDI).
MRP System
Material Requirements Planning System, a computer-based system used for planning and scheduling production and inventory control.
Bill of Materials
A comprehensive list detailing all materials, components, and assemblies required to build or manufacture a finished product.
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