ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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WORK-OF-ART Definition

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WORK-OF-ART is a product of one of the fine arts; especially a painting or sculpture of artistic merit.

 

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COST OF GOODS SOLD BUDGET decomposes, or breaks down, the components of a business's cost of goods sold (in some cases referred to as the cost of revenues). This budget breaks out each separate factor underlying the cost of goods sold for a business. See OPERATING BUDGET.

CONSTANT DOLLAR is when the dollar amount is adjusted for inflation.


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