Isn't there any cost of goods sold or cost of service for financial products?

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@S2000magician

@Flashback

Result is operating income, no COGS, no Inventory (work in progress _ process _).

Fixed that for you.

(I was just covering this in my Managerial Accounting class two days ago; many of the students make the same mistake.)

Thanks, I know term in Croatian language very well.

[S2000magician]

@Flashback

@S2000magician

@Flashback

Result is operating income, no COGS, no Inventory (work in progress _ process _).

Fixed that for you.

(I was just covering this in my Managerial Accounting class two days ago; many of the students make the same mistake.)

Thanks, I know term in Croatian language very well .

Then you’re way ahead of me: I don’t know _ any _ Croatian.

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It’s never too late to learn, maybe when you get retired. Find some appartment on Adriatic coast, enjoy sunsets, drink rakija and practice by talking with locals:).

[S2000magician]

@Flashback

It’s never too late to learn, maybe when you get retired. Find some appartment on Adriatic coast, enjoy sunsets, drink rakija and practice by talking with locals:).

Retired?

I’ll never retire.

I love working (teaching) too much.

However, Rakija (Rakia) sounds great.

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Once I will send you a bottle, not sure if it would pass US custom.