ABNORMAL ITEMS Definition

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ABNORMAL ITEMS see EXTRAORDINARY ITEMS.

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INTANGIBLE ASSETS are non-physical assets (such as franchises, trademarks, patents, copyrights, goodwill, equities, mineral rights, securities and contracts as distinguished from physical assets) that grant rights, privileges, and have economic benefits for the owner.

FREIGHT OUT is the handling, packaging, and shipping costs of product; normally considered a selling cost.

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