Examlex
Use rational exponents to simplify. Write the answer in radical notation if appropriate.
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Investment Elimination Entry
An accounting entry made in the process of consolidating financial statements to remove the effects of intercompany investments and avoid double counting.
Subsidiary Asset
An asset owned by a subsidiary company, which itself is controlled by a parent company through ownership of more than half of its voting stock.
Accumulated Impairment Loss
The total amount of impairment loss that has been recognized on assets over their lifetime, reducing their book value.
Impairment Loss
A reduction in the recoverable value of an asset to below its carrying amount, resulting in a charge against income.
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