UNDERABSORBED BURDEN Definition

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UNDERABSORBED BURDEN is where total employee costs, other than salaries, have not been fully allocated to products sold or services offered.

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ADJUSTMENT can be either: 1. an increase or decrease to an account resulting from ADJUSTING ENTRIES; or, 2. changing an account balance due to some event, e.g., adjustment of an account due to the return of merchandise for credit.

CARD is Certificate for Amortizing Revolving Debts; an asset-backed security backed by credit card receivables.

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