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Historical Cost Principle
An accounting principle stating that assets should be recorded and reported at their original purchase price.
Contingent Consideration
A future payment in a business acquisition that depends on specific outcomes or events occurring after the acquisition date.
Parent Company Method
An approach to preparing consolidated financial statements where the parent company's balances and transactions are presented as the primary entity.
Carrying Amounts
The value at which an asset or liability is recognized in the balance sheet after accounting for depreciation, amortization, and impairment costs.
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