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Daily, current or ordinary and necessary expenses

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running expenses

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Daily, current or ordinary and necessary expenses

running expenses

direct costs attributable to the production of the goods sold in a company

Cost of Goods Sold (COGS)

Firms need ____________ to manufacture goods

The company expects to _____________ all the debts within the year

Situation in which demand for a product or service exceeds the available supply

shortage of products

Carlos and Javier are good at playing the piano, but ___________ (Javier) is better

Firms sell goods and provide...

Difference between total assets and total liabilities

shareholder's equity

The profit and loss acount, also called...

income statement

The sum of the wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer

Shareholders will leave the firm if the company doesn't ______________ to thempay out dividendsEverything a company ownsassetsWhen a company transform something into something that can be soldmonetise (something)If people don't follow a tendency, they....buck the trendDebts or obligationsliabilities

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