Examlex
What is the main purpose (function) of bond rating services?
Noncurrent Assets
Assets not expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer; includes property, plant, and equipment.
Amortization of Discount
The gradual reduction of a bond discount over the life of the bond, effectively increasing the bond's book value to its face value at maturity.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues.
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