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and mean the same thing.
Net Realizable Value
The estimated selling price of goods, less the costs of their sale or disposal.
Bad Debt Expense
The cost associated with accounts receivable that a company does not expect to collect because customers default on payments.
Operating Expense
Costs necessary for maintaining the day-to-day operations of a business, excluding costs associated with the production of goods or services.
Net Price Method
A pricing strategy that applies discounts and allowances to the gross price to determine the final sale price.
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