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extension or extend

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

In accounting this refers to the multiplication of quantity times price, or number of units times price or cost per unit.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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