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A spring is a place where water flows naturally from rock:
Private Companies
Businesses whose ownership is private and shares are not traded on public stock exchanges.
Measurement Principles
Guidelines that dictate how the economic activities of a company are captured in its financial statements.
Historical Cost
The original monetary value of an asset, reflecting the purchase or production cost without adjustments for inflation or market value changes.
Current Value
The present worth of an asset or liability, taking into account factors such as market conditions and depreciation.
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