OPERATING EXPENSES Definition

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OPERATING EXPENSES is all selling and general & administrative expenses. Includes depreciation, but not interest expense.

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DIVISION is a self sufficient unit within a company. A division contains all the functions necessary to operate independently from the parent company.

LONG-TERM LIABILITIES are liabilities of a business that are due in more than one year. An example of a long-term liability would be a mortgage payable.

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