Corporation Corporation. A legal entity based upon State (not Federal) law that is separate and distinct from its owners. Under the law, corporations possess […]
Cost of Goods Sold Cost of Goods Sold. Expenses incurred to produce or acquire, and store, the products sold by a business during this period.
Cost of Goods Sold (COGS) Cost of Goods Sold (COGS): The direct costs related to producing goods sold by a company.
