Examlex
When the lessee automatically acquires title to the property after payment of a specified amount in
the form of rentals, then the CRA will disallow the lease.
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from revenue.
Comparative Balance Sheets
Financial statements that present the financial position of a business at different points in time, side by side, to facilitate comparison.
Common Stock
A type of equity ownership in a corporation, representing a share of the company, typically with voting rights.
Investing Activities
Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity’s primary line of business.
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