Examlex
A contract may be made through the implication of the parties' conduct.
Cost of Goods Sold
The total direct costs attributable to the production of goods sold by a company, including materials and labor expenses.
Ending Inventory
The total value of goods available for sale at the end of an accounting period after accounting for purchases and sales.
Understatement
An error in financial reporting where the value of a figure is reported lower than its actual amount.
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