Examlex
What are the different levels of the ecosystem:
Long-term Investments
Investments in securities or other assets that a company intends to hold for a period exceeding one year to earn revenue or profit.
Intangible Assets
Non-physical assets that have economic value due to their advantages or rights (e.g., patents, trademarks, goodwill).
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts and prepare the accounts for the next period.
Future Business
Operations, activities, or engagements that a company plans to undertake in coming periods to increase its profitability and growth.
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