VALUATION Definition

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VALUATION is the act or process of determining the value of a business, business ownership interest, security, or intangible asset.

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INCOME STATEMENT see PROFIT AND LOSS STATEMENT.

BILL OF MATERIALS (BOM) is a listing of all the assemblies, sub-assemblies, parts, and raw materials that are needed to produce one unit of a finished product. Each finished product has its own bill of materials.

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