Examlex
The polygraph cannot detect if a person is lying, only whether the person is experiencing a change in physiological functioning.
Fair Value
An estimated market value of an asset or liability, based on the assumption of a transaction between willing parties in an arm's length transaction.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing factors such as reputation, brand, and customer relationships.
Entity Method
A consolidation approach where investments are recorded at the purchase cost, adjusted for the parent company's share in the subsidiary's post-acquisition profits or losses.
Gross Margin
A company's revenue minus its cost of goods sold, divided by revenue, expressed as a percentage, indicating the percentage of revenue that exceeds the cost of goods sold.
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