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Which is the correct translation and definition of the abbreviation V/Q?
Operating Expense
Expenses incurred through normal business operations, such as rent, utilities, and payroll, exclusive of cost of goods sold.
Refund Liability
An obligation recorded by a business to return funds to a customer for returned or unsatisfactory goods or services.
Deferred Revenue
Income received in advance for products or services which is recorded as a liability until it is earned.
Sales Returns
Transactions where customers return previously purchased merchandise, leading to a reversal of revenue previously recognized.
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