Work in Progress (WIP)
Work in Progress refers to partially completed goods in a production process. It includes the cost of raw materials, labour, and overhead incurred so far. WIP is recorded as an inventory asset on the balance sheet until the production cycle is complete and goods are sold.
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Windfall Gain
A windfall gain is an unexpected and non-recurring profit, often arising from asset sales, legal settlements, or favourable regulatory changes.…
White Knight
A white knight is an investor or company that acquires a target firm to prevent a hostile takeover. From an…
Wartered Stock
Watered stock refers to shares issued at a value significantly higher than the fair value of the company’s net assets.…
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