Examlex
Complete the following using the terms listed below.
-_____ involves two or more businesses that jointly market each other's products.
U.S.GAAP
United States Generally Accepted Accounting Principles; a set of accounting standards used in the U.S. for financial reporting.
Comprehensive Income
The total change in equity for a reporting period other than from transactions with owners, including all unrealized gains and losses.
Warranty Expenses
Costs incurred by a company to repair or replace products under warranty, recognized as a liability when products are sold.
Inventory Purchases
The total cost incurred to buy goods intended for sale during a specific accounting period before any deductions or sales.
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