SHIPPING NOTICE Definition

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SHIPPING NOTICE is a formal notification that goods ordered are en-route to their destination.

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STATED VALUE is the per share value sometimes assigned to no-par stock by the corporation.

ACCRUAL BASIS OF ACCOUNTING is wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally accepted accounting principles (GAAP) in preparing financial statements for external users.

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