GROSS RECEIPTS Definition

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GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc.

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FULL ABSORPTION COSTING see ABSORPTION COSTING.

INTANGIBLES (NET) are intangible assets, including goodwill, trademarks, patents, catalogs, brands, copyrights, formulas, franchises, and mailing lists, net of accumulated amortization.

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