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Why is it an unsatisfactory argument that the Civil War began primarily as a southern fight to defend liberty and the right of self-government?
Fair Value
The market value of an asset or liability, based on the current price at which it can be sold or settled.
Unrealized Loss
A loss that results from holding an asset that has decreased in value, but the asset has not yet been sold.
Deferred Tax Asset
This asset arises when a company pays more taxes to the government than it currently owes in its financial statements, to be used for future tax relief.
Pre-Tax Income
Earnings before taxes (EBT), calculated as a company's total revenues minus expenses, excluding income taxes, during a reporting period.
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