Operating Changes Definition

What is meant by operating changes? Operating changes are the transactions that result from the production, purchase, and sale of the firm’s goods and services, and that affect net working capital, and ultimately retained earnings (also called income statement transactions).

Organization Costs Definition

What is meant by organization costs? Organization costs are those costs that a corporation incurs during the organization process, including such costs are filing and incorporation fees to the state, attorney’s fees, promotion fees, printing and engraving fees, and similar items.

Opportunity Cost

Definition An opportunity cost is a cost that results from a foregone opportunity. Opportunity¬†cost is the concept used for the evaluation of alternative uses of resources. Decision makers select that alternative use of resources from which they expect the maximum net return. Opportunity cost is the net return that could be obtained¬†from the second best …

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