ADJUSTMENTS TO INCOME Definition

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ADJUSTMENTS TO INCOME are all tax code allowable increases/(deductions) to income that are not already accounted for.

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FIFO (first-in, first-out) is an inventory cost flow whereby the first goods purchased are assumed to be the first goods sold so that the ending inventory consists of the most recently purchased goods.

CASH DISBURSEMENT see DISBURSE/DISBURSEMENT.

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