Examlex
The so-called Rule of 70 is a formula for finding the approximate number of times that a value will double in a period of 70 years.
Income Tax Purposes
The specific objectives or calculations for which income tax-related data is used, including determining taxable income and tax liability.
Gaining Control
Refers to obtaining the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, often realized through acquisitions or significant share purchases.
Subsidiaries
Companies that are controlled by another company, known as the parent company, usually through majority ownership of its shares.
Equity Method
An accounting technique used to record investments in which the investor has significant influence over the investee but does not fully control it.
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