Identify the Types of Businesses That Make Up the Canadian

question 179

Essay

Identify the types of businesses that make up the Canadian financial system.

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Definitions:

Goodwill

The price paid for an asset in excess of its book value. You will see this on the balance sheet when the company has made one or more large acquisitions.

Intangible Assets

Non-physical assets owned by a business, such as intellectual property, brand names, and customer relationships, which add value to the company.

Book Value

The net value of a company's assets expressed on its balance sheet, equal to its total assets minus liabilities, preferred stock, and intangible assets.