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PURCHASE RETURNS is a contra purchase account that records all credits from returned inventory purchases.

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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.

ZERO COUPON BONDS are bonds priced at a large discount from face value. The bonds mature at full face value so the difference between the original issue price and the face value represents interest income. The issuer of the zero coupon bond saves on cash flow since the interest isnt paid out until the end of the bond holding period.

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