MANUFACTURING CONCERN Definition

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MANUFACTURING CONCERN is an entity that derives its products for sale, thereby revenue, through the direct manufacture of those products.

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FREEHOLD is a. an interest in land the duration of which is restricted to the life or lives of a particular person or persons holding it, or b. an interest in property that is unconditional and represents the broadest ownership interest recognized by law.

ACCRUED REVENUE is the accumulated revenue as they have been recognized over a given period.

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