PRODUCTIVE ACTIVITY Definition

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PRODUCTIVE ACTIVITY usually is defined as including activities that have economic value in the marketplace. A more contemporary definition of productive activity includes any activity that produces a valued good or service, even if it is not actually paid for.

Learn new Accounting Terms

INVESTMENT TAX CREDIT is a tax credit in the United States that allows businesses to write-off a portion of the cost of purchasing equipment for business use.

TRADEMARK is a formally registered symbol identifying the manufacturer or distributor of a product.

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