CROWN CORPORATION Definition

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CROWN CORPORATION is a corporation that has been established by a nation's government.

Learn new Accounting Terms

NEBT is Net Earning Before Taxes.

WIP is an acronym for Work in Process/Progress. Usually refers to inventory that has value added from labor or additional processing. When considered for inventory value, the value of the raw material plus the value added component is accounted for in determining the value of that inventory at that point in the process.

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