Examlex
Thomas Paine's Common Sense was written specifically for the educated elite.
Subsidiary
A company that is completely or partially owned and controlled by another company, known as the parent company.
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Parent-Company Extension Method
An accounting approach used in consolidation, where the parent company's financial statements extend to include the subsidiary's transactions and balances.
Goodwill
Goodwill is an intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.
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