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Involuntary intoxication is not a defense to criminal offenses in those instances that the defendant's state of mind satisfies the standard for insanity.
Deferred Asset
An expenditure that is not expensed immediately but is recognized over a future period to match with revenues it generates.
Future Operating Losses
Projected losses from future operations, often considered in the context of business planning and impairment testing.
Financial Statements
Documentation presenting a summary of a corporation's financial status, consisting of the balance sheet, income statement, and statement of cash flows.
Present Value
The present value of a future amount of money or series of cash flows, discounted at a certain rate of return.
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