ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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TRANSFER PRICE Definition
TRANSFER PRICE is the price charged by an individual entity in a multi-entity corporation on transactions among the entities involved.
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EFFORT-EXPENDED METHOD measures the percentage of labor hours incurred to date as compared to estimated total labor hours for each contract.
OPERATING EFFECTIVENESS is how an internal control was applied, the consistency with which it was applied, and by whom.