UNBILLED REVENUE Definition

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UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

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NORMAL SPOILAGE consists of defective units that arise as part of regular operations. If normal spoilage arises from the requirements of a specific job, the cost of the spoiled units is charged to the job.

CASH & EQUIVALENTS means all cash, marketplace securities, and other near-cash items. Excludes sinking funds.

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