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For the year ended December 31, 2014, Transformers Inc. reported the following: What would Transformers report as its ending balance of Accumulated OtherComprehensive Income?
Tenancy for Years
A leasehold interest in property for a definite period, which could be for any set length of time.
Implied Renewal Right
An implied renewal right is a legal principle that suggests a contract or agreement extends automatically beyond its original term unless one party gives notice to end it.
Personal Representative
Executors and administrators of wills in states that have adopted the Uniform Probate Code.
Probate Court
A specialized court that deals with matters concerning the distribution of deceased persons' estates.
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