Finance / July 19, 2018 / Isabella Mccray
A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest and income taxes.
Liability is a financial obligation made by a company to pay certain amount for the goods or services received by the company in the past. The short-term legal agreements which are required to be paid within one year are referred as current liabilities. Current liabilities are reported under liabilities on balance sheet.
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