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In its early years,the AFL American Federation of Labor)limited its membership to skilled workers.
Goodwill
An intangible asset reflecting the excess value of a business above its net tangible assets, often arising from acquisitions.
Consolidated Balance Sheet
A financial statement showing the combined assets, liabilities, and equity of a parent company and its subsidiaries.
Acquisition Method
An accounting technique used to consolidate the financial statements of a parent company and its subsidiaries.
Monetary Assets
Assets that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.
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