Examlex
The primary purpose of the ACA Code of Ethics is
Unrecorded Liability
A liability that has not been accounted for or documented in the financial statements.
Revaluation
The process of adjusting the book value of a fixed asset or security to reflect its current market value.
Fair Value
The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
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