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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DEBENTURE is a corporate IOU that is not backed by the companys assets (unsecured) and is therefore somewhat riskier than a bond.

PRO-FORMA FINANCIAL STATEMENT is a financial statement projection that shows how an actual financial statement will look if certain specified assumptions are realized.

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