Examlex
The term convention bump refers to ______.
Goodwill Method
An accounting technique used to account for acquired companies over their tangible assets and liabilities, representing intangible assets like brand reputation or intellectual property.
Capital Balance
The amount of money that a person or entity has invested in a business, which may change over time due to profits, losses, and withdrawals.
Independent Appraisal
An objective evaluation of an asset's value, performed by a professional and unbiased third party, often used in financial reporting, transactions, and for legal matters.
Retires
The act of withdrawing from one's occupation or profession, often upon reaching a certain age.
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