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Lucy has been working for the same company for 30 years and has applied for a promotion. She is only mildly disappointed, until she learns that her promotion was denied so that the company doesn't have to pay her extra pension when she retires in a year or two. Lucy has a right to be angry, as she has been a victim of ________.
Consolidated Expenses
The total expenses of a group of companies after eliminating intercompany transactions, reported in consolidated financial statements.
Fair Value
An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.
Additional Paid-In Capital
Additional Paid-In Capital (APIC) is the amount of money that investors have paid for shares above their nominal value during public offerings, reflecting capital that a company receives in excess of the par value of its stock.
Business Combination
A business combination occurs when two or more businesses merge or when one business acquires another, resulting in the consolidation of assets and liabilities under one entity.
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