Examlex
For alternative minimum tax purposes, taxpayers are allowed to deduct state income taxes but are not allowed to deduct charitable contributions.
Fixed Assets
Long-term tangible pieces of property that a firm owns and uses in its operations to generate income.
Initial Public Offering
The first time that the shares of a private company are offered to the public for purchase, often referred to as "going public."
Shares
Units of ownership in a company or financial asset, which entitle the holder to a proportion of the company's profits.
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