Examlex
What are the different types of meanings of words?
Cost of Goods Sold
The direct expenses tied to the production of goods sold by a company, including material and labor costs.
Net Income
A company's profit amount after all deductions for expenses and taxes from revenue have taken place.
FIFO Cost Flow
An inventory valuation method (First In, First Out) where goods first purchased or produced are sold or used first.
Income Tax Expense
The amount of money a company is obligated to pay in income taxes for a given fiscal period.
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