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Kris contracts to work exclusively for Little Manufacturing Company during May for $5,000.On April 30,Little cancels the contract.Kris finds another job dur?ing May but earns only $3,000.Kris files a suit against Little.As compen?satory damages,Kris can recover
Net Income
The net income of a business, which is obtained by deducting all costs and taxes from its total revenue.
Physical Count
The actual tallying of inventory goods a company has on hand to verify stock levels and assess the need for adjustment in accounting records.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.
Cost Of Goods Sold
Expenses directly tied to the production process of goods a company markets.
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