Examlex
In balance theory, a unit relation occurs when two elements of a triad are linked because a person has expressed a preference (or dislike) for the third.
Recognizes Gain or Loss
Refers to the process of recording in the financial statements the income or expense resulting from a transaction or event.
Intercompany Transactions
Transactions that occur between two different entities within the same corporate group.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for accomplishing a specific task or project.
After Tax Profit
The net income a company earns after all taxes have been deducted from total revenue.
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