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What are the two most common defenses cited for gang members in court?
Consolidated Balance Sheet
A financial statement that presents the assets, liabilities, and equity of a group of companies as if they were a single entity.
Fair Value
An estimate of the price at which an asset or liability would change hands between willing parties, not under duress, in an orderly transaction.
Initial Value Method
An accounting method where investments are recorded at their cost at the time of acquisition without subsequent adjustment for changes in market value.
Consolidation Worksheet
A tool used in accounting to combine the financial statements of a parent company with its subsidiaries to prepare a consolidated statement.
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