Examlex
A new form of visual art was developed by the abstract expressionist including the work of:
Tangible Asset
Physical and material assets that can be seen, touched, or quantified, such as machinery, buildings, and inventory.
Goodwill
The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.
GAAP
Generally Accepted Accounting Principles; a collection of standardized guidelines and practices for financial accounting used in a particular jurisdiction.
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