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5 Cards in this Set
- Front
- Back
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Management Accounting
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The branch of accounting that generates information for the internal decision makers of a business, such as top executives. (p.6)
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Merchandise Inventory
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The merchandise that a company sells to customers. (P.12)
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Net Earnings
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Same as net income.
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Net Income
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Excess of total revenues over total expenses. Also called net earnings or net profit. (p.13)
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Net Loss
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Excess of total expenses over total revenue. (p.14)
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