Examlex
The percent of accounts receivable method for bad debts estimation uses only income statement account balances to estimate bad debts.
Stockholders' Equity Figures
The total value of a company's equity that belongs to shareholders, calculated as total assets minus total liabilities.
Separate Corporate Existence
The legal principle that a corporation exists independently from its owners, with its own rights, liabilities, and obligations.
Statutory Merger
A merger in which one of the companies involved absorbs the other legally and retains its original corporate identity, while the other company ceases to exist.
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