Examlex
Basically, the concept of stratification of the society is a universal phenomenon.
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the investee's net income or loss.
Common Stock
This represents units of ownership interest or equity in a corporation, giving holders voting rights and a share in the company's profits through dividends.
Net Income
The sum total of profit a company achieves after removing the costs and tax payments from its income.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair market value of its net assets.
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