Examlex
According to Valence Bond theory, in the square planar Ni(CN) 42− complex ion, the orbital hybridization pattern is
Asset Impairments
A reduction in the book value of an asset when its market value falls below its carrying amount on the balance sheet.
Fair Value
The estimated market price of an asset or liability based on current conditions and mutually informed buyer and seller transactions.
Construction in Progress Account
An account in the balance sheet that accumulates costs related to the construction of a long-term asset until the asset is ready for use, at which point the total cost is transferred to the fixed assets account.
GAAP
Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.
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