VALUE ADDED Definition

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VALUE ADDED is the difference, at each stage of production or the provisioning of a service, between the price of a product or service and all materials or activities paid for to produce the product or provide the service.

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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.

INCOME TAXES PAYABLE is income taxes due including current portion of deferred taxes.

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