Examlex
The high ground that separates one valley from another and directs sheetflow is known as
Deferred Tax Liability
A tax obligation that a company owes in the future due to differences between accounting practices and tax regulations.
Depreciable Asset
An asset that loses value over time due to wear and tear or obsolescence, which can be depreciated over its useful life.
Realisation of Profit
The process by which a profit is recognized on the books once a transaction is completed and the revenue can be reliably measured.
External Party
An individual, group, or organization outside of a company that can affect or be affected by the business's activities.
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