EARNING QUALITY Definition

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EARNING QUALITY is best determined through the inverse relationship between the amount of time elapsed between revenue recognition and cash collection.

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FOB DESTINATION is where the seller retains title and control of goods until they are delivered and the contract of carriage has been completed. The seller selects the carrier and is responsible for the risk of transportation.

NET REVENUE is GROSS REVENUE less discounts, allowances, sales returns, freight out, etc.

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