Examlex
Define the following terms
-laboratory experiment
Associate Company
A company in which another company owns a significant but not controlling percentage of its voting shares, typically between 20% and 50%.
Goodwill
An intangible asset that arises when a business is purchased for more than the fair value of its net assets, representing the company's reputation, customer base, and other non-quantifiable assets.
Net Assets
The total assets of a company minus its total liabilities, representing the shareholders' equity.
Reconciling Item
A financial entry that adjusts discrepancies between two accounts or statements to ensure they balance.
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